Anpario (LON:ANP) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Anpario plc (LON:ANP)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 507.47 and traded as high as GBX 540. Anpario shares last traded at GBX 516.08, with a volume of 52,318 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on ANP shares. Canaccord Genuity Group upgraded Anpario to a “buy” rating and boosted their price objective for the company from GBX 457 to GBX 570 in a research report on Thursday, April 2nd. Shore Capital Group restated a “house stock” rating on shares of Anpario in a research report on Monday, April 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 570.

Anpario Stock Down 0.8%

The company has a current ratio of 4.50, a quick ratio of 5.16 and a debt-to-equity ratio of 0.60. The stock has a 50-day simple moving average of GBX 519.62 and a 200-day simple moving average of GBX 507.47. The company has a market cap of £85.46 million, a price-to-earnings ratio of 13.60 and a beta of 1.05.

Anpario declared that its Board of Directors has initiated a share buyback program on Monday, April 27th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

About Anpario

Anpario plc, together with its subsidiaries, engages in the production and distribution of natural feed additives for animal health, hygiene, and nutrition. Its health and performance category offers various products that support and maintain animal gut health, such as phytogenic and acid based eubiotics, and omega fatty acids under the Orego-Stim, Optomega, pHorce, Salkil, and Genex brands; feed quality category provides products, such as enzymes, antioxidants, pellet binders, mould inhibitors, and acid based eubiotics under the pHorce, Feedzyme, Salgard, Oxigard, Moldgard, and Mastercube brands.