Kerry Group (OTCMKTS:KRYAY) Shares Gap Up – Time to Buy?

Kerry Group PLC (OTCMKTS:KRYAY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $79.03, but opened at $82.50. Kerry Group shares last traded at $80.84, with a volume of 700 shares.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on shares of Kerry Group in a research report on Friday, January 30th. They set a “buy” rating for the company. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Kerry Group Stock Performance

The firm has a 50-day simple moving average of $82.07 and a two-hundred day simple moving average of $87.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.68.

About Kerry Group

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.