Kerry Group (OTCMKTS:KRYAY) Shares Cross Below 50 Day Moving Average – Here’s Why

Kerry Group PLC (OTCMKTS:KRYAY) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $91.22 and traded as low as $89.5550. Kerry Group shares last traded at $90.45, with a volume of 9,579 shares changing hands.

Wall Street Analysts Forecast Growth

KRYAY has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Kerry Group in a research report on Friday, September 12th. UBS Group reaffirmed a “neutral” rating on shares of Kerry Group in a research report on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Kerry Group has an average rating of “Moderate Buy”.

Kerry Group Trading Up 0.4%

The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average price of $91.22 and a two-hundred day moving average price of $95.77.

Kerry Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, October 13th were given a dividend of $0.4656 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a yield of 159.0%.

Kerry Group Company Profile

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.