Anpario (LON:ANP) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Anpario plc (LON:ANP)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 507.47 and traded as high as GBX 540. Anpario shares last traded at GBX 516.08, with a volume of 52,318 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Canaccord Genuity Group raised Anpario to a “buy” rating and upped their target price for the company from GBX 457 to GBX 570 in a research report on Thursday, April 2nd. Shore Capital Group reaffirmed a “house stock” rating on shares of Anpario in a research report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 570.

Anpario Trading Down 1.0%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.16 and a current ratio of 4.50. The company has a 50 day simple moving average of GBX 521.82 and a two-hundred day simple moving average of GBX 507.79. The firm has a market cap of £85.28 million, a PE ratio of 13.57 and a beta of 1.05.

Anpario announced that its board has authorized a stock buyback plan on Monday, April 27th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

About Anpario

Anpario plc, together with its subsidiaries, engages in the production and distribution of natural feed additives for animal health, hygiene, and nutrition. Its health and performance category offers various products that support and maintain animal gut health, such as phytogenic and acid based eubiotics, and omega fatty acids under the Orego-Stim, Optomega, pHorce, Salkil, and Genex brands; feed quality category provides products, such as enzymes, antioxidants, pellet binders, mould inhibitors, and acid based eubiotics under the pHorce, Feedzyme, Salgard, Oxigard, Moldgard, and Mastercube brands.