Kerry Group (OTCMKTS:KRYAY) Sees Strong Trading Volume – What’s Next?

Shares of Kerry Group PLC (OTCMKTS:KRYAY) saw an uptick in trading volume on Tuesday . 39,531 shares traded hands during mid-day trading, an increase of 210% from the previous session’s volume of 12,753 shares.The stock last traded at $91.81 and had previously closed at $89.9250.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of Kerry Group in a research note on Friday, September 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kerry Group in a research report on Wednesday, September 24th. Finally, UBS Group reiterated a “neutral” rating on shares of Kerry Group in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Kerry Group Stock Down 1.4%

The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $91.22 and a 200-day moving average of $99.92.

Kerry Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 13th will be given a dividend of $0.4656 per share. This represents a dividend yield of 159.0%. The ex-dividend date is Friday, October 10th.

Kerry Group Company Profile

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases.