Kerry Group (OTCMKTS:KRYAY) Stock Passes Above 50-Day Moving Average – What’s Next?

Shares of Kerry Group PLC (OTCMKTS:KRYAY) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $91.28 and traded as high as $94.6875. Kerry Group shares last traded at $93.44, with a volume of 7,127 shares.

Wall Street Analysts Forecast Growth

KRYAY has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of Kerry Group in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research note on Wednesday, September 24th. Finally, UBS Group reissued a “neutral” rating on shares of Kerry Group in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Kerry Group currently has an average rating of “Buy”.

Kerry Group Price Performance

The firm’s fifty day simple moving average is $91.28 and its 200-day simple moving average is $99.50. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Kerry Group Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 13th will be given a $0.4656 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a yield of 159.0%.

Kerry Group Company Profile

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases.