Kerry Group (OTCMKTS:KRYAY) Shares Pass Below Fifty Day Moving Average - Here's What Happened

Key Points

• Kerry Group's share price fell below its fifty-day moving average of $106.25, trading at $93.72, indicating a significant decline in stock performance.
• UBS Group downgraded Kerry Group from a "strong-buy" rating to a "hold" rating, reflecting a less favorable outlook from analysts.
• The company operates in the Taste & Nutrition and Dairy Ireland segments, providing solutions for various markets including food, beverage, and pharmaceuticals.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report)'s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $106.25 and traded as low as $92.58. Kerry Group shares last traded at $93.72, with a volume of 81,863 shares trading hands.

Wall Street Analyst Weigh In

Separately, UBS Group lowered Kerry Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th.

Kerry Group Trading Up 0.6%

The business has a 50 day moving average of $106.25 and a 200-day moving average of $105.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.39.

Kerry Group Company Profile

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.

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