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

Kerry Group PLC (OTCMKTS:KRYAY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $94.37 and traded as low as $88.38. Kerry Group shares last traded at $88.55, with a volume of 22,633 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KRYAY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kerry Group in a report on Wednesday. UBS Group reiterated a “neutral” rating on shares of Kerry Group in a report on Thursday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Kerry Group in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Kerry Group presently has a consensus rating of “Buy”.

Kerry Group Price Performance

The company’s fifty day moving average is $94.37 and its two-hundred day moving average is $102.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 1.03.

Kerry Group Company Profile

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.