Anpario (LON:ANP) Shares Pass Above 200 Day Moving Average – Here’s Why

Anpario plc (LON:ANP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 510.17 and traded as high as GBX 560. Anpario shares last traded at GBX 545.64, with a volume of 88,248 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ANP shares. Shore Capital Group reaffirmed a “house stock” rating on shares of Anpario in a research note on Thursday, June 18th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 570 price objective on shares of Anpario in a research note on Friday, June 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 570.

Anpario Price Performance

The business has a 50-day moving average price of GBX 533.77 and a 200 day moving average price of GBX 510.17. The company has a market cap of £90.36 million, a price-to-earnings ratio of 14.38 and a beta of 1.05. The company has a current ratio of 4.50, a quick ratio of 5.16 and a debt-to-equity ratio of 0.60.

Anpario announced that its Board of Directors has initiated a share repurchase program on Monday, April 27th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Anpario Company Profile

Anpario plc, together with its subsidiaries, engages in the production and distribution of natural feed additives for animal health, hygiene, and nutrition. Its health and performance category offers various products that support and maintain animal gut health, such as phytogenic and acid based eubiotics, and omega fatty acids under the Orego-Stim, Optomega, pHorce, Salkil, and Genex brands; feed quality category provides products, such as enzymes, antioxidants, pellet binders, mould inhibitors, and acid based eubiotics under the pHorce, Feedzyme, Salgard, Oxigard, Moldgard, and Mastercube brands.