Aurrigo International (LON:AURR) Shares Pass Below 50-Day Moving Average – What’s Next?

Aurrigo International plc (LON:AURR) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 80.10 and traded as low as GBX 67.50. Aurrigo International shares last traded at GBX 75, with a volume of 15,472 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price target on Aurrigo International from GBX 135 to GBX 175 and gave the company a “speculative buy” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 175.

Aurrigo International Stock Performance

The company has a 50-day simple moving average of GBX 80.10 and a two-hundred day simple moving average of GBX 77.33. The company has a debt-to-equity ratio of 4.58, a quick ratio of 2.49 and a current ratio of 2.57. The firm has a market capitalization of £61.56 million, a P/E ratio of -13.78 and a beta of 0.27.

Aurrigo International Company Profile

Aurrigo is the future of first and last mile transportation for airport baggage/cargo and passenger vehicle applications. Aurrigo’s Self-Driving / autonomous Auto-Dolly, Auto-DollyTug and Auto-Cargo provide airports with a new way to move baggage and cargo around, reducing costs, improving efficiency and decreasing environmental impact and accidents.

Aurrigo’s Self-Driving passenger vehicles provide mobility within urban areas, shopping malls, airports, university campuses, science parks and other areas that are poorly served by traditional transport providers.