Kerry Group (OTCMKTS:KRYAY) Share Price Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• The share price of Kerry Group PLC (OTCMKTS: KRYAY) fell below its fifty-day moving average of $104.19, trading as low as $93.12.
• UBS Group downgraded Kerry Group's stock from a "strong-buy" to a "hold" rating on May 27th.
• The company's current ratios indicate a healthy financial position, with a debt-to-equity ratio of 0.38 and a current ratio of 1.39.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $104.19 and traded as low as $93.12. Kerry Group shares last traded at $93.16, with a volume of 7,619 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered Kerry Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy".

Kerry Group Price Performance

The business has a 50 day moving average price of $103.16 and a two-hundred day moving average price of $104.73. The company has a quick ratio of 1.03, a current ratio of 1.39 and a debt-to-equity ratio of 0.38.

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.