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

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)'s stock price crossed 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

A number of equities research analysts have issued reports on KRYAY shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Kerry Group in a research report on Friday, September 12th. UBS Group cut shares of Kerry Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Kerry Group has an average rating of "Buy".

Kerry Group Price Performance

The stock's 50-day moving average is $95.67 and its two-hundred day moving average is $103.00. 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.