Aurrigo International (LON:AURR) Stock Passes Below 50 Day Moving Average – Time to Sell?

Shares of Aurrigo International plc (LON:AURR) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 45.43 ($0.59) and traded as low as GBX 44 ($0.57). Aurrigo International shares last traded at GBX 44.90 ($0.58), with a volume of 36,417 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their target price on shares of Aurrigo International from GBX 165 ($2.14) to GBX 135 ($1.75) and set a “speculative buy” rating on the stock in a report on Tuesday, January 7th.

Aurrigo International Stock Up 2.0 %

The company has a debt-to-equity ratio of 4.04, a current ratio of 2.43 and a quick ratio of 2.49. The company has a market cap of £20.59 million, a P/E ratio of -5.87 and a beta of -1.03. The company has a 50 day moving average of GBX 45.43 and a 200-day moving average of GBX 53.32.

About Aurrigo International

Aurrigo is the future of first and last mile transportation for airport baggage/cargo and passenger vehicle applications. Aurrigo’s Self-Driving / autonomous Auto-Dolly, Auto-DollyTug and Auto-Cargo provide airports with a new way to move baggage and cargo around, reducing costs, improving efficiency and decreasing environmental impact and accidents.
Aurrigo’s Self-Driving passenger vehicles provide mobility within urban areas, shopping malls, airports, university campuses, science parks and other areas that are poorly served by traditional transport providers.