Kerry Group (OTCMKTS:KRYAY) Sees Large Volume Increase – Time to Buy?

Kerry Group PLC (OTCMKTS:KRYAY) saw an uptick in trading volume on Friday . 50,714 shares traded hands during trading, an increase of 282% from the previous session’s volume of 13,286 shares.The stock last traded at $90.95 and had previously closed at $88.13.

Analyst Upgrades and Downgrades

KRYAY has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Kerry Group in a report on Friday, September 12th. UBS Group restated a “neutral” rating on shares of Kerry Group in a research note on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kerry Group in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Kerry Group Trading Up 3.0%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.99 and a current ratio of 1.37. The company’s 50-day simple moving average is $91.02 and its 200-day simple moving average is $98.67.

Kerry Group Announces Dividend

The business also recently declared a dividend, which was paid on Monday, November 17th. Investors of record on Monday, October 13th were issued a dividend of $0.4656 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a dividend yield of 159.0%.

About Kerry Group

Kerry Group plc, together with its subsidiaries, provides taste and nutrition solutions. The company operates in two segments, Taste & Nutrition, and Dairy Ireland. The Taste & Nutrition segment offers taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The Dairy Ireland segment provides value-add dairy ingredients and consumer products, including functional proteins and nutritional bases.