Kerry Group (LON:KYGA) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Kerry Group plc (LON:KYGA) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 74.63 and traded as low as GBX 66.80. Kerry Group shares last traded at GBX 67.18, with a volume of 20,473 shares trading hands.

Kerry Group Stock Performance

The stock’s fifty day simple moving average is GBX 70.43 and its 200-day simple moving average is GBX 74.63. The company has a market capitalization of £107.36 million, a price-to-earnings ratio of 0.17, a price-to-earnings-growth ratio of 1.71 and a beta of 0.55. The company has a current ratio of 1.68, a quick ratio of 0.74 and a debt-to-equity ratio of 43.57.

Insider Buying and Selling at Kerry Group

In other news, insider Liz Hewitt purchased 500 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was bought at an average cost of GBX 6,445 per share, for a total transaction of £32,225. Also, insider Fiona Dawson acquired 756 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was purchased at an average price of GBX 6,515 per share, for a total transaction of £49,253.40. Company insiders own 1.19% of the company’s stock.

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. It operates in Ireland, rest of Europe, the Americas, the Asia Pacific, the Middle East, and Africa.