Aurrigo International (LON:AURR) Stock Passes Below 50 Day Moving Average – Here’s Why

Aurrigo International plc (LON:AURR) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 77.91 and traded as low as GBX 67. Aurrigo International shares last traded at GBX 75, with a volume of 43 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their price objective on shares of Aurrigo International from GBX 135 to GBX 175 and gave the company a “speculative buy” rating in a research report on Thursday, March 26th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 175.

Aurrigo International Trading Up 3.4%

The firm has a market capitalization of £65.60 million, a P/E ratio of -14.68 and a beta of 0.27. The business’s 50-day moving average is GBX 77.25 and its 200 day moving average is GBX 78.20. The company has a debt-to-equity ratio of 4.58, a current ratio of 2.57 and a quick ratio of 2.49.

Aurrigo International Company Profile

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.