Kerry Group (OTCMKTS:KRYAY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Shares of Kerry Group PLC (OTCMKTS:KRYAY) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $91.22 and traded as low as $89.5550. Kerry Group shares last traded at $90.45, with a volume of 9,579 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on KRYAY. UBS Group reiterated a “neutral” rating on shares of Kerry Group in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kerry Group in a research report on Wednesday, September 24th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Kerry Group in a report on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Kerry Group has a consensus rating of “Moderate Buy”.

Kerry Group Stock Performance

The business has a 50-day moving average of $91.22 and a two-hundred day moving average of $95.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.99 and a current ratio of 1.37.

Kerry Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, October 13th were given a $0.4656 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a dividend yield of 159.0%.

About Kerry Group

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.