Kerry Group (OTCMKTS:KRYAY) Sees Unusually-High Trading Volume – Time to Buy?

Kerry Group PLC (OTCMKTS:KRYAY) saw an uptick in trading volume on Tuesday . 17,335 shares traded hands during trading, an increase of 10% from the previous session’s volume of 15,697 shares.The stock last traded at $88.20 and had previously closed at $92.64.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on Kerry Group in a report on Friday, January 30th. They issued a “buy” rating for the company. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Kerry Group Stock Down 5.8%

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 business has a 50-day moving average price of $88.85 and a 200-day moving average price of $90.66.

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.