Anpario (LON:ANP) Shares Pass Above 200 Day Moving Average – Time to Sell?

Anpario plc (LON:ANP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 520.97 and traded as high as GBX 530. Anpario shares last traded at GBX 526.33, with a volume of 4,423 shares trading hands.

Analyst Upgrades and Downgrades

ANP has been the subject of a number of recent analyst reports. Shore Capital Group reissued a “house stock” rating on shares of Anpario in a report on Thursday, June 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 570 target price on shares of Anpario in a research note on Friday, June 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 570.

Anpario Trading Up 1.9%

The company has a quick ratio of 5.16, a current ratio of 4.50 and a debt-to-equity ratio of 0.60. The firm’s 50-day simple moving average is GBX 533.61 and its 200 day simple moving average is GBX 520.97. The stock has a market capitalization of £88.42 million, a P/E ratio of 14.23 and a beta of 1.08.

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

Anpario Company Profile

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.