Anpario (LON:ANP) Shares Pass Above 200 Day Moving Average – Time to Sell?

Anpario plc (LON:ANP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 520.97 and traded as high as GBX 530. Anpario shares last traded at GBX 526.33, with a volume of 4,423 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ANP shares. Shore Capital Group reissued a “house stock” rating on shares of Anpario in a research note on Thursday, June 18th. Canaccord Genuity Group restated a “buy” rating and set a GBX 570 price target on shares of Anpario in a report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Anpario currently has an average rating of “Buy” and a consensus price target of GBX 570.

Anpario Stock Performance

The company has a current ratio of 4.50, a quick ratio of 5.16 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of GBX 533.61 and a two-hundred day simple moving average of GBX 520.97. The company has a market capitalization of £88.42 million, a price-to-earnings ratio of 14.23 and a beta of 1.08.

Anpario announced that its Board of Directors has approved a stock buyback plan on Monday, April 27th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Anpario Company Profile

Anpario plc, together with its subsidiaries, engages in the production and distribution of natural feed additives for animal health, hygiene, and nutrition. Its health and performance category offers various products that support and maintain animal gut health, such as phytogenic and acid based eubiotics, and omega fatty acids under the Orego-Stim, Optomega, pHorce, Salkil, and Genex brands; feed quality category provides products, such as enzymes, antioxidants, pellet binders, mould inhibitors, and acid based eubiotics under the pHorce, Feedzyme, Salgard, Oxigard, Moldgard, and Mastercube brands.