Kerry Group (OTCMKTS:KRYAY) Reaches New 52-Week Low – Here’s Why

Kerry Group PLC (OTCMKTS:KRYAY)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $83.70 and last traded at $83.70, with a volume of 11850 shares traded. The stock had previously closed at $87.4930.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on shares of Kerry Group in a research note on Friday, January 30th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Kerry Group Trading Down 4.8%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 0.99. The stock’s fifty day moving average is $88.84 and its two-hundred day moving average is $90.62.

Kerry Group Company Profile

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.