Kerry Group (OTCMKTS:KRYAY) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Kerry Group PLC (OTCMKTS:KRYAY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $95.85 and traded as high as $98.4470. Kerry Group shares last traded at $97.70, with a volume of 3,326 shares trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Kerry Group in a report on Wednesday, July 22nd. They set an “outperform” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Kerry Group in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group raised Kerry Group to a “strong-buy” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Kerry Group Stock Performance

The company has a fifty day simple moving average of $95.85 and a 200-day simple moving average of $87.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kerry Group stock. Madison Asset Management LLC lifted its position in Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,751 shares of the company’s stock after acquiring an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.22% of the company’s stock.

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.