Aurrigo International (LON:AURR) Shares Pass Below 50 Day Moving Average – Time to Sell?

Shares of Aurrigo International plc (LON:AURR) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 74.35 and traded as low as GBX 70. Aurrigo International shares last traded at GBX 73, with a volume of 40,805 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 175 price objective on shares of Aurrigo International in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 175.

Aurrigo International Trading Up 0.7%

The firm has a market cap of £65.24 million, a P/E ratio of -14.60 and a beta of 0.27. The stock has a fifty day simple moving average of GBX 74.35 and a 200 day simple moving average of GBX 79.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.49 and a current ratio of 7.27.

Aurrigo International (LON:AURR) last posted its earnings results on Thursday, June 4th. The company reported GBX (0.04) EPS for the quarter. The business had revenue of GBX 800 million during the quarter. Aurrigo International had a negative return on equity of 25.73% and a negative net margin of 48.74%.

About Aurrigo International

Aurrigo is the future of first and last mile transportation for airport baggage/cargo and passenger vehicle applications. Aurrigo’s Self-Driving / autonomous Auto-Dolly, Auto-DollyTug and Auto-Cargo provide airports with a new way to move baggage and cargo around, reducing costs, improving efficiency and decreasing environmental impact and accidents.

Aurrigo’s Self-Driving passenger vehicles provide mobility within urban areas, shopping malls, airports, university campuses, science parks and other areas that are poorly served by traditional transport providers.