Anpario (LON:ANP) Shares Pass Above 200-Day Moving Average – Here’s Why

Anpario plc (LON:ANP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 520.97 and traded as high as GBX 530. Anpario shares last traded at GBX 526.33, with a volume of 4,423 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ANP shares. Shore Capital Group reiterated a “house stock” rating on shares of Anpario in a report on Thursday, June 18th. Canaccord Genuity Group restated a “buy” rating and set a GBX 570 target price on shares of Anpario in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 570.

Anpario Trading Down 1.9%

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 stock has a market capitalization of £84.69 million, a PE ratio of 13.71 and a beta of 1.08. The business’s 50-day moving average is GBX 532.81 and its two-hundred day moving average is GBX 520.96.

Anpario announced that its board has approved a share buyback program 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 programs are usually a sign that the company’s board believes its shares are 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.