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

Anpario plc (LON:ANP)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 520.75 and traded as high as GBX 528. Anpario shares last traded at GBX 521.22, with a volume of 15,793 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ANP shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 570 price objective on shares of Anpario in a report on Friday, June 26th. Shore Capital Group reiterated 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.com, Anpario has a consensus rating of “Buy” and an average price target of GBX 570.

Anpario Price Performance

The stock has a market capitalization of £84.89 million, a P/E ratio of 13.74 and a beta of 1.08. The company has a current ratio of 4.50, a quick ratio of 5.16 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of GBX 529.37 and a two-hundred day simple moving average of GBX 520.75.

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