Anpario (LON:ANP) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Anpario plc (LON:ANP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 510.17 and traded as high as GBX 560. Anpario shares last traded at GBX 545.64, with a volume of 88,248 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ANP. Canaccord Genuity Group restated 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 reaffirmed a “house stock” rating on shares of Anpario in a research report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Anpario currently has a consensus rating of “Buy” and a consensus target price of GBX 570.

Anpario Price Performance

The firm has a market capitalization of £90.36 million, a P/E ratio of 14.38 and a beta of 1.05. The business has a fifty day moving average of GBX 533.77 and a 200-day moving average of GBX 510.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.16 and a current ratio of 4.50.

Anpario declared that its Board of Directors has approved a share repurchase plan on Monday, April 27th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign 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.