Kerry Group (LON:KYGA) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of Kerry Group plc (LON:KYGA) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 79.29 and traded as low as GBX 72.15. Kerry Group shares last traded at GBX 72.37, with a volume of 32,902 shares changing hands.

Kerry Group Stock Performance

The company has a 50-day moving average price of GBX 76.28 and a two-hundred day moving average price of GBX 79.29. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 38.59. The stock has a market capitalization of £116.59 million, a P/E ratio of 0.16, a price-to-earnings-growth ratio of 1.71 and a beta of 0.57.

Insiders Place Their Bets

In other Kerry Group news, insider Fiona Dawson purchased 732 shares of the company’s stock in a transaction on Friday, December 19th. The shares were purchased at an average cost of GBX 6,725 per share, with a total value of £49,227. Insiders own 1.16% of the company’s stock.

About Kerry Group

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.