Kerry Group (OTCMKTS:KRYAY) Stock Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• Kerry Group PLC (OTCMKTS:KRYAY) shares have fallen below their 50-day moving average of $96.27, trading at $92.13 with a trading volume of 12,822 shares.
• Analysts have mixed ratings on the stock, with UBS Group downgrading it from "strong-buy" to "hold," while Jefferies Financial Group maintains a "buy" rating, resulting in an average rating of "Buy."
• The company has a quick ratio of 1.03 and a debt-to-equity ratio of 0.38, indicating stable financial health despite the recent stock performance.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $96.27 and traded as low as $92.03. Kerry Group shares last traded at $92.13, with a volume of 12,822 shares traded.

Analysts Set New Price Targets

KRYAY has been the topic of several recent research reports. UBS Group downgraded Kerry Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Kerry Group in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Kerry Group Trading Down 0.4%

The company has a quick ratio of 1.03, a current ratio of 1.39 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $96.27 and a 200 day moving average of $103.27.

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.

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