Kerry Group (OTCMKTS:KRYAY) Stock Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Kerry Group shares crossed above their 50‑day moving average, trading as high as $85.82 and last at $84.86 versus a 50‑day MA of $80.30 on volume of 6,282 shares.
• The Goldman Sachs Group initiated coverage with a buy rating on Jan. 30, and the stock's analyst consensus is a Moderate Buy (three Buys, one Hold).
• Despite the short‑term strength, the stock remains below its 200‑day MA of $86.60, while the company shows manageable fundamentals with a debt‑to‑equity of 0.42, quick ratio 1.10 and current ratio 1.68.

Kerry Group PLC (OTCMKTS:KRYAY - Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $80.30 and traded as high as $85.82. Kerry Group shares last traded at $84.86, with a volume of 6,282 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on shares of Kerry Group in a report on Friday, January 30th. They issued a "buy" rating on the stock. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Kerry Group Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68. The stock has a 50-day moving average price of $80.30 and a 200 day moving average price of $86.60.

Kerry Group Company Profile

Kerry Group OTCMKTS: KRYAY is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry's offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.

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