Anpario (LON:ANP) Stock Crosses Below 200 Day Moving Average – Here’s Why

Anpario plc (LON:ANP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 374.70 ($4.85) and traded as low as GBX 371.25 ($4.81). Anpario shares last traded at GBX 385 ($4.98), with a volume of 102,606 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price target on Anpario from GBX 380 ($4.92) to GBX 500 ($6.47) and gave the stock a “buy” rating in a report on Tuesday, January 14th.

Anpario Stock Performance

The company has a market capitalization of £65.67 million, a P/E ratio of 21.26 and a beta of 0.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.16 and a current ratio of 6.15. The business’s fifty day simple moving average is GBX 435.60 and its 200-day simple moving average is GBX 375.46.

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.