Kerry Group (OTCMKTS:KRYAY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Shares saw an unusually-high trading volume of about 56,449 shares on Monday — a 162% jump from the prior session — with the stock last trading at $78.13 (previous close $78.87).
• Goldman Sachs initiated coverage with a buy rating on Jan. 30, and analyst consensus is a Moderate Buy (three Buy ratings and one Hold).
• The company shows moderate leverage and liquidity (debt-to-equity 0.42, quick ratio 1.10, current ratio 1.68) while the stock is trading below its 50-day ($83.07) and 200-day ($87.45) moving averages.

Shares of Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 56,449 shares changed hands during trading, an increase of 162% from the previous session's volume of 21,565 shares.The stock last traded at $78.13 and had previously closed at $78.87.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on Kerry Group in a research report on Friday, January 30th. They set a "buy" rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Kerry Group Stock Performance

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 has a 50-day moving average of $83.07 and a 200 day moving average of $87.45.

About Kerry Group

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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