Kerry Group (OTCMKTS:KRYAY) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Kerry Group PLC (OTCMKTS:KRYAY)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $89.58 and traded as low as $86.2350. Kerry Group shares last traded at $86.6650, with a volume of 16,014 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KRYAY. UBS Group reiterated a “neutral” rating on shares of Kerry Group in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Kerry Group Trading Up 0.3%

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 firm’s fifty day moving average is $89.58 and its two-hundred day moving average is $92.82.

About Kerry Group

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.