Kerry Group (OTCMKTS:KRYAY) Sees Strong Trading Volume – Here’s Why

Kerry Group PLC (OTCMKTS:KRYAY) saw strong trading volume on Thursday . 25,113 shares traded hands during mid-day trading, an increase of 99% from the previous session’s volume of 12,649 shares.The stock last traded at $84.86 and had previously closed at $85.38.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KRYAY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a report on Wednesday, September 24th. UBS Group reiterated a “neutral” rating on shares of Kerry Group in a report on Thursday, September 25th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Kerry Group in a report on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Kerry Group Stock Performance

The firm’s 50 day moving average price is $90.45 and its 200-day moving average price is $94.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.99 and a current ratio of 1.37.

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.