Kerry Group (OTCMKTS:KRYAY) Sets New 1-Year Low - Here's What Happened

Key Points

• Kerry Group PLC's stock has reached a new 52-week low of $87.50, previously closing at $89.00, with only 2,035 shares traded.
• Despite the drop, the company maintains a consensus rating of "Buy" from analysts, with one strong buy, two buy, and one hold rating.
• The company has announced a dividend payment of $0.4656 per share scheduled for November 17th, representing a yield of 159.0% for investors of record on October 13th.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $87.50 and last traded at $87.50, with a volume of 2035 shares traded. The stock had previously closed at $89.00.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KRYAY shares. UBS Group restated a "neutral" rating on shares of Kerry Group in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kerry Group in a research note on Wednesday, September 24th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Kerry Group in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy".

Kerry Group Stock Performance

The stock has a fifty day moving average of $91.56 and a 200 day moving average of $101.33. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Kerry Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 13th will be issued a dividend of $0.4656 per share. This represents a yield of 159.0%. The ex-dividend date is Friday, October 10th.

About Kerry Group

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.