Kerry Group (OTCMKTS:KRYAY) Shares Cross Below 50 Day Moving Average - What's Next?

Key Points

• Kerry Group shares fell below their 50-day moving average, trading as low as $79.03 and last at $79.39 versus a 50-day MA of $83.27 (200-day MA is $87.55), signaling short-term technical weakness.
• Goldman Sachs initiated coverage with a "Buy", and overall analyst sentiment is a consensus "Moderate Buy" (three Buy ratings and one Hold).
• The company shows modest leverage and adequate liquidity with a debt-to-equity of 0.42, a current ratio of 1.68 and a quick ratio of 1.10.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $83.27 and traded as low as $79.03. Kerry Group shares last traded at $79.39, with a volume of 15,077 shares.

Analysts Set New Price Targets

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

Kerry Group Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.10. The company's 50-day simple moving average is $83.27 and its two-hundred day simple moving average is $87.55.

Kerry Group Company Profile

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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