Kerry Group (OTCMKTS:KRYAY) Sees Strong Trading Volume – What’s Next?

Shares of Kerry Group PLC (OTCMKTS:KRYAY) saw unusually-high trading volume on Tuesday . Approximately 39,531 shares changed hands during mid-day trading, an increase of 210% from the previous session’s volume of 12,753 shares.The stock last traded at $91.81 and had previously closed at $89.9250.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Kerry Group in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kerry Group in a research report on Wednesday, September 24th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Kerry Group in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Kerry Group Price Performance

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 has a 50 day simple moving average of $91.22 and a 200 day simple moving average of $100.08.

Kerry Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 17th. Investors of record on Monday, October 13th will be given a dividend of $0.4656 per share. This represents a yield of 159.0%. The ex-dividend date is Friday, October 10th.

Kerry Group Company Profile

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.