Aurrigo International (LON:AURR) Shares Down 4.5% - Here's What Happened

Key Points

• Shares fell 4.5% to GBX 67.77 on Tuesday, trading as low as GBX 67.40 with volume of ~73,356 shares—an 85% increase versus the average daily volume.
• Canaccord Genuity raised its target from GBX 135 to GBX 175 and gave a "speculative buy" rating; the stock's consensus rating is currently "Buy" with an average target of GBX 175.
• Aurrigo, which makes self‑driving baggage/cargo and passenger vehicles, has a market cap of £60.57m, a negative P/E (-13.55) and high debt-to-equity (4.58), and its price is trading below both the 50‑day (GBX 83.02) and 200‑day (GBX 76.11) moving averages.

Aurrigo International plc (LON:AURR - Get Free Report) was down 4.5% during trading on Tuesday . The stock traded as low as GBX 67.40 and last traded at GBX 67.77. Approximately 73,356 shares traded hands during mid-day trading, an increase of 85% from the average daily volume of 39,744 shares. The stock had previously closed at GBX 71.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their target price on shares of Aurrigo International from GBX 135 to GBX 175 and gave the stock a "speculative buy" rating in a research report on Thursday, March 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of GBX 175.

Aurrigo International Trading Down 4.5%

The stock has a 50 day simple moving average of GBX 83.02 and a 200-day simple moving average of GBX 76.11. The firm has a market capitalization of £60.57 million, a P/E ratio of -13.55 and a beta of 0.41. The company has a current ratio of 2.57, a quick ratio of 2.49 and a debt-to-equity ratio of 4.58.

Aurrigo International Company Profile

Aurrigo is the future of first and last mile transportation for airport baggage/cargo and passenger vehicle applications. Aurrigo's Self-Driving / autonomous Auto-Dolly, Auto-DollyTug and Auto-Cargo provide airports with a new way to move baggage and cargo around, reducing costs, improving efficiency and decreasing environmental impact and accidents. Aurrigo's Self-Driving passenger vehicles provide mobility within urban areas, shopping malls, airports, university campuses, science parks and other areas that are poorly served by traditional transport providers.

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