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Kerry Group (OTCMKTS:KRYAY) Sees Strong Trading Volume - Here's What Happened

Kerry Group logo with Consumer Staples background
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Key Points

  • Trading volume surged 151% to 52,017 shares on Monday, with the stock last trading around $84.80.
  • Goldman Sachs initiated coverage with a "Buy" rating, and the consensus from analysts is a Moderate Buy (three Buy ratings, one Hold).
  • Key financials and technicals: debt-to-equity 0.42, quick ratio 1.10, current ratio 1.68; 50-day moving average $80.30 vs. 200-day $86.57.
  • Interested in Kerry Group? Here are five stocks we like better.

Shares of Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) saw an uptick in trading volume on Monday . 52,017 shares were traded during mid-day trading, an increase of 151% from the previous session's volume of 20,726 shares.The stock last traded at $84.80 and had previously closed at $84.86.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on shares of Kerry Group in a research report on Friday, January 30th. They issued a "buy" rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Kerry Group has a consensus rating of "Moderate Buy".

Read Our Latest Research Report on KRYAY

Kerry Group Stock Up 1.1%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. The firm's fifty day moving average is $80.30 and its 200 day moving average is $86.57.

About Kerry Group

(Get Free Report)

Kerry Group OTCMKTS: KRYAY is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry's offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.

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