Anpario (LON:ANP) Trading 16.1% Higher - Should You Buy?

Key Points

• Anpario plc's share price rose by 16.1% during mid-day trading, reaching a high of GBX 498.80 ($6.75), significantly up from its previous close of GBX 422.50 ($5.72).
• Shore Capital reaffirmed a "house stock" rating on Anpario, with two analysts giving it a Buy rating and a consensus price target of GBX 435.
• The company specializes in producing natural feed additives for animal health and nutrition, with a market capitalization of £84.04 million and various product lines under recognized brands.

Anpario plc (LON:ANP - Get Free Report)'s stock price shot up 16.1% during mid-day trading on Wednesday . The company traded as high as GBX 498.80 ($6.76) and last traded at GBX 490.60 ($6.65). 119,891 shares were traded during trading, an increase of 205% from the average session volume of 39,261 shares. The stock had previously closed at GBX 422.50 ($5.73).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "house stock" rating on shares of Anpario in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Anpario presently has a consensus rating of "Buy" and a consensus price target of GBX 435.

Anpario Price Performance

The stock has a fifty day moving average of GBX 408.39 and a 200-day moving average of GBX 413.44. The company has a quick ratio of 5.16, a current ratio of 6.15 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of £83.37 million, a price-to-earnings ratio of 2,014.74 and a beta of 0.58.

Anpario (LON:ANP - Get Free Report) last announced its quarterly earnings results on Wednesday, September 10th. The company reported GBX 16.87 earnings per share (EPS) for the quarter. Anpario had a return on equity of 8.74% and a net margin of 9.23%. On average, equities research analysts predict that Anpario plc will post 23.5757801 EPS for the current fiscal year.

About Anpario

Anpario plc, together with its subsidiaries, engages in the production and distribution of natural feed additives for animal health, hygiene, and nutrition. Its health and performance category offers various products that support and maintain animal gut health, such as phytogenic and acid based eubiotics, and omega fatty acids under the Orego-Stim, Optomega, pHorce, Salkil, and Genex brands; feed quality category provides products, such as enzymes, antioxidants, pellet binders, mould inhibitors, and acid based eubiotics under the pHorce, Feedzyme, Salgard, Oxigard, Moldgard, and Mastercube brands.