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Kerry Group (OTCMKTS:KRYAY) Stock Crosses Below 50 Day Moving Average - Here's Why

Kerry Group logo with Consumer Staples background

Key Points

  • Kerry Group PLC's stock price fell below its fifty-day moving average of $108.19, trading as low as $93.96 during recent sessions.
  • UBS Group downgraded Kerry Group from a "strong-buy" rating to a "hold" rating, indicating a more cautionary outlook.
  • The company operates in two segments, Taste & Nutrition and Dairy Ireland, focusing on providing solutions for various markets including food, beverage, and pharmaceuticals.
  • Want stock alerts on Kerry Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $108.19 and traded as low as $93.96. Kerry Group shares last traded at $93.97, with a volume of 16,140 shares trading hands.

Analyst Ratings Changes

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

Get Our Latest Stock Report on Kerry Group

Kerry Group Stock Down 0.3%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.39. The stock's fifty day moving average is $107.53 and its 200-day moving average is $105.46.

Kerry Group Company Profile

(Get Free Report)

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.

See Also

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