Kerry Group (OTCMKTS:KRYAY) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Kerry Group PLC (OTCMKTS:KRYAY) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $91.28 and traded as high as $94.6875. Kerry Group shares last traded at $93.44, with a volume of 7,127 shares.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Kerry Group in a research note on Friday, September 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kerry Group in a research report on Wednesday, September 24th. Finally, UBS Group reiterated a “neutral” rating on shares of Kerry Group in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Kerry Group currently has a consensus rating of “Buy”.

Kerry Group Stock Performance

The stock has a 50-day moving average of $91.28 and a 200 day moving average of $99.50. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.42.

Kerry Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 13th will be paid a $0.4656 dividend. The ex-dividend date is Friday, October 10th. This represents a dividend yield of 159.0%.

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.