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

Key Points

• Kerry Group plc shares fell below their 200-day moving average, trading at GBX 89.93 ($1.21) on Thursday, down from a moving average of GBX 95.09 ($1.28).
• The company holds a market capitalization of £14.80 billion and has a P/E ratio of 23.61, indicating a moderate valuation compared to earnings.
• Kerry Group operates in two segments: Taste & Nutrition and Dairy Ireland, providing solutions for the food, beverage, and pharmaceutical markets.

Kerry Group plc (LON:KYGA - ) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 95.09 ($1.28) and traded as low as GBX 89.40 ($1.21). Kerry Group shares last traded at GBX 89.93 ($1.21), with a volume of 19,294 shares.

Kerry Group Stock Performance

The company has a market cap of £14.80 billion, a PE ratio of 23.61, a P/E/G ratio of 1.71 and a beta of 0.57. The business's fifty day moving average is GBX 94.16 and its 200-day moving average is GBX 95.09. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 38.59.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.