Aurrigo International (LON:AURR) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Aurrigo International plc (LON:AURR) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 69.90 and traded as low as GBX 67.45. Aurrigo International shares last traded at GBX 67.45, with a volume of 9,514 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 175 target price on shares of Aurrigo International in a report on Thursday, June 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 175.

Aurrigo International Trading Down 1.5%

The company has a market cap of £60.28 million, a P/E ratio of -11.24 and a beta of 0.29. The stock’s 50 day moving average is GBX 69.90 and its 200-day moving average is GBX 77.78. The company has a current ratio of 7.27, a quick ratio of 2.49 and a debt-to-equity ratio of 0.36.

Aurrigo International (LON:AURR) last released its quarterly earnings data on Thursday, June 4th. The company reported GBX (0.04) earnings per share for the quarter. The firm had revenue of GBX 800 million for the quarter. Aurrigo International had a negative net margin of 48.74% and a negative return on equity of 25.73%.

About Aurrigo International

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.