Free Trial

Kerry Group (OTCMKTS:KRYAY) Shares Pass Below 50 Day Moving Average - Should You Sell?

Kerry Group logo with Consumer Staples background

Key Points

  • Kerry Group PLC's share price fell below its 50-day moving average of $98.20, trading as low as $92.97 on Tuesday.
  • UBS Group downgraded the stock from a "strong-buy" rating to a "hold" rating, adding pressure to the stock's performance.
  • The stock currently has a mixed rating from analysts, with one rating it a "Strong Buy" and another a "Hold", reflecting uncertainty in the market.
  • Five stocks to consider instead of Kerry Group.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $98.20 and traded as low as $92.97. Kerry Group shares last traded at $93.07, with a volume of 9,263 shares traded.

Wall Street Analyst Weigh In

Separately, UBS Group cut shares of Kerry Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Kerry Group currently has a consensus rating of "Buy".

Check Out Our Latest Report on KRYAY

Kerry Group Trading Down 0.6%

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 firm's 50 day moving average is $97.22 and its 200-day moving average is $103.52.

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

Should You Invest $1,000 in Kerry Group Right Now?

Before you consider Kerry Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kerry Group wasn't on the list.

While Kerry Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.