Kerry Group (OTCMKTS:KRYAY) Hits New 1-Year Low – Should You Sell?

Kerry Group PLC (OTCMKTS:KRYAY)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $80.38 and last traded at $80.7520, with a volume of 8813 shares traded. The stock had previously closed at $81.6570.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on Kerry Group in a research note on Friday, January 30th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Kerry Group Stock Performance

The firm has a 50-day simple moving average of $87.60 and a 200 day simple moving average of $89.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 0.99.

About Kerry Group

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.