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

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.

Shares of Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) passed 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.

Analysts Set New Price Targets

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

Kerry Group Stock Performance

The business has a 50-day moving average of $107.53 and a two-hundred day moving average of $105.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.39.

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.