Kerry Group (OTCMKTS:KRYAY) Reaches New 12-Month Low - Here's Why

Key Points

• Kerry Group PLC has reached a new 52-week low, trading as low as $89.65 before last being recorded at $90.44.
• UBS Group has downgraded Kerry Group from a "strong-buy" to a "hold" rating, affecting the overall market sentiment towards the stock.
• The company operates in two segments: Taste & Nutrition and Dairy Ireland, providing solutions for multiple industries including food and pharmaceuticals.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $89.65 and last traded at $90.44, with a volume of 6800 shares trading hands. The stock had previously closed at $91.65.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered Kerry Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

Kerry Group Stock Up 1.5%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.39. The firm's 50 day moving average price is $98.91 and its 200 day moving average price is $103.88.

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.