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

Kerry Group PLC (OTCMKTS:KRYAY) shares saw strong trading volume on Tuesday. 74,445 shares changed hands during trading, an increase of 197% from the previous session’s volume of 25,097 shares. The stock last traded at $104.94 and had previously closed at $105.38.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup upgraded shares of Kerry Group from a “neutral” rating to a “buy” rating in a research report on Friday, September 25th. The Goldman Sachs Group raised Kerry Group to a “strong-buy” rating in a research note on Thursday, August 20th. Sanford C. Bernstein assumed coverage on Kerry Group in a research report on Wednesday, July 22nd. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kerry Group in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Kerry Group Price Performance

The company has a current ratio of 1.77, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $98.52 and a 200-day moving average price of $91.67.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Kerry Group stock. Madison Asset Management LLC boosted its position in shares of Kerry Group PLC (OTCMKTS:KRYAY) by 0.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,751 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Madison Asset Management LLC’s holdings in Kerry Group were worth $2,922,000 as of its most recent SEC filing. Institutional investors own 0.22% of the company’s stock.

Kerry Group Company Profile

Kerry Group plc is an Ireland-based food ingredients and consumer products company serving food, beverage and pharmaceutical manufacturers worldwide. Its ingredients business develops taste, nutrition and functional solutions used in products such as beverages, baked goods, dairy products, meat and meat alternatives, snacks and prepared foods.

The company also produces branded consumer foods, with a focus on markets including Ireland and the United Kingdom. Its product portfolio has included chilled and convenience foods, dairy products, meal solutions and other everyday food products.