Kerry Group (OTCMKTS:KRYAY) Reaches New 52-Week Low – Time to Sell?

Kerry Group PLC (OTCMKTS:KRYAY)’s share price hit a new 52-week low on Monday . The company traded as low as $74.9392 and last traded at $75.1125, with a volume of 25790 shares changing hands. The stock had previously closed at $76.2932.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group started coverage on shares of Kerry Group in a research note on Friday, January 30th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Kerry Group Price Performance

The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average is $85.69 and its 200-day moving average is $88.91.

About Kerry Group

Kerry Group (OTCMKTS:KRYAY) is a global leader in taste and nutrition solutions for the food, beverage and pharmaceutical industries. The company develops, manufactures and supplies a broad portfolio of ingredients, flavors and integrated solutions designed to enhance taste, improve health and simplify production processes. Kerry’s offerings span across dairy-based ingredients, flavors, texturizers, enzymes, probiotics and nutritional premixes, serving both industrial customers and consumer food brands.

Through its Taste & Nutrition division, Kerry provides customized flavor systems, savory and sweet taste platforms, and nutritional ingredients for applications such as snacks, bakery, dairy, beverages and meat alternatives.