Kerry Group (OTCMKTS:KRYAY) Shares Gap Up – Here’s Why

Kerry Group PLC (OTCMKTS:KRYAY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $74.85, but opened at $77.11. Kerry Group shares last traded at $77.36, with a volume of 5,022 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on shares of Kerry Group in a report on Friday, January 30th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kerry Group currently has an average rating of “Moderate Buy”.

Kerry Group Price Performance

The company’s 50 day moving average is $84.66 and its 200-day moving average is $88.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.10.

Kerry Group Company Profile

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.