Aurrigo International (LON:AURR) Shares Up 4.5% – Should You Buy?

Aurrigo International plc (LON:AURR) shares shot up 4.5% on Thursday . The company traded as high as GBX 80 and last traded at GBX 80. 95,573 shares were traded 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.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 135 price objective 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 MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 135.

Aurrigo International Price Performance

The company has a debt-to-equity ratio of 4.04, a quick ratio of 2.49 and a current ratio of 2.43. The company has a 50-day moving average of GBX 57.90 and a 200-day moving average of GBX 67.23. The stock has a market capitalization of £71.50 million, a price-to-earnings ratio of -16.00 and a beta of -1.03.

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

Insider Buying and Selling

In other news, insider Ian Michael Grubb purchased 4,632 shares of the stock in a transaction dated Wednesday, October 1st. The stock was acquired at an average cost of GBX 43 per share, for a total transaction of £1,991.76. Corporate insiders own 29.13% of the company’s stock.

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.