Aurrigo International (LON:AURR) Trading 4.5% Higher – Time to Buy?

Shares of Aurrigo International plc (LON:AURR) shot up 4.5% during trading on Thursday . The company traded as high as GBX 80 and last traded at GBX 80. 95,573 shares traded hands during mid-day trading, an increase of 173% from the average session volume of 35,046 shares. The stock had previously closed at GBX 76.55.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 135 target price on shares of Aurrigo International in a report on Monday, September 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 135.

Aurrigo International Stock Performance

The company has a market cap of £74.16 million, a P/E ratio of -16.60 and a beta of -1.03. The business’s 50 day simple moving average is GBX 58.63 and its 200 day simple moving average is GBX 67.24. The company has a current ratio of 2.43, a quick ratio of 2.49 and a debt-to-equity ratio of 4.04.

Aurrigo International (LON:AURR) last released its quarterly earnings data on Monday, September 29th. The company reported GBX (3) earnings per share (EPS) for the quarter. Aurrigo International had a negative return on equity of 43.23% and a negative net margin of 47.19%.

Insider Activity

In related news, insider Ian Michael Grubb purchased 4,632 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was bought at an average cost of GBX 43 per share, for a total transaction of £1,991.76. 29.13% of the stock is owned by insiders.

Aurrigo International Company Profile

Aurrigo is the future of first and last mile transportation for airport baggage/cargo and passenger vehicle applications. Aurrigo’s Self-Driving / autonomous Auto-Dolly, Auto-DollyTug and Auto-Cargo provide airports with a new way to move baggage and cargo around, reducing costs, improving efficiency and decreasing environmental impact and accidents.

Aurrigo’s Self-Driving passenger vehicles provide mobility within urban areas, shopping malls, airports, university campuses, science parks and other areas that are poorly served by traditional transport providers.