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

Aurrigo International plc (LON:AURRGet Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 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 traded.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on Aurrigo International

Aurrigo International Price Performance

The stock has a market cap of £65.24 million, a P/E ratio of -14.60 and a beta of 0.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.49 and a current ratio of 7.27. The business has a 50 day simple moving average of GBX 74.35 and a 200-day simple moving average of GBX 79.78.

Aurrigo International (LON:AURRGet Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. The business had revenue of GBX 800 million during the quarter. Aurrigo International had a negative net margin of 48.74% and a negative return on equity of 25.73%.

Aurrigo International Company Profile

(Get Free Report)

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.

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