Anpario (LON:ANP) Stock Crosses Above 200-Day Moving Average – What’s Next?

Anpario plc (LON:ANP)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 518.74 and traded as high as GBX 550. Anpario shares last traded at GBX 540, with a volume of 18,196 shares changing hands.

Analyst Ratings Changes

Several analysts recently commented on ANP shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 570 price target on shares of Anpario in a research report on Friday, June 26th. Shore Capital Group reissued a “house stock” rating on shares of Anpario in a research report on Thursday, June 18th. 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 target price of GBX 570.

Anpario Stock Performance

The company has a quick ratio of 5.16, a current ratio of 4.50 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of GBX 537.20 and a two-hundred day moving average of GBX 518.74. The stock has a market capitalization of £88.42 million, a price-to-earnings ratio of 14.23 and a beta of 1.08.

Anpario declared that its Board of Directors has initiated a stock repurchase plan on Monday, April 27th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Anpario Company Profile

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.