Anpario (LON:ANP) Shares Cross Above 200 Day Moving Average – Here’s Why

Anpario plc (LON:ANP)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 518.74 and traded as high as GBX 550. Anpario shares last traded at GBX 540, with a volume of 18,196 shares changing hands.

Wall Street Analyst Weigh In

ANP has been the topic of a number of recent analyst reports. Shore Capital Group reissued a “house stock” rating on shares of Anpario in a research report on Thursday, June 18th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 570 price objective on shares of Anpario in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Anpario currently has a consensus rating of “Buy” and an average target price of GBX 570.

Anpario Price Performance

The company’s 50-day moving average price is GBX 536.80 and its two-hundred day moving average price is GBX 519.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.50 and a quick ratio of 5.16. The company has a market capitalization of £86.62 million, a P/E ratio of 13.94 and a beta of 1.08.

Anpario declared that its Board of Directors has approved a share buyback plan on Monday, April 27th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are 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.