Anpario (LON:ANP) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Anpario plc (LON:ANP) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 507.47 and traded as high as GBX 540. Anpario shares last traded at GBX 516.08, with a volume of 52,318 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group upgraded Anpario to a “buy” rating and raised their price objective for the company from GBX 457 to GBX 570 in a research note on Thursday, April 2nd. Shore Capital Group restated a “house stock” rating on shares of Anpario in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Anpario presently has an average rating of “Buy” and a consensus price target of GBX 570.

Anpario Trading Down 0.8%

The company has a market cap of £85.46 million, a price-to-earnings ratio of 13.60 and a beta of 1.05. The firm has a 50-day moving average price of GBX 519.62 and a 200 day moving average price of GBX 507.47. The company has a current ratio of 4.50, a quick ratio of 5.16 and a debt-to-equity ratio of 0.60.

Anpario declared that its Board of Directors has approved a stock repurchase program on Monday, April 27th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

About Anpario

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.