Aurrigo International (LON:AURR) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Aurrigo International plc (LON:AURR) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 57.42 ($0.72) and traded as low as GBX 44.50 ($0.56). Aurrigo International shares last traded at GBX 44.90 ($0.56), with a volume of 9,166 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 165 ($2.08) target price on shares of Aurrigo International in a report on Thursday, September 26th.

Aurrigo International Price Performance

The company’s 50-day simple moving average is GBX 56.08 and its 200 day simple moving average is GBX 72. The company has a debt-to-equity ratio of 6.87, a current ratio of 2.43 and a quick ratio of 2.49. The firm has a market cap of £20.40 million, a P/E ratio of -494.44 and a beta of -1.03.

Aurrigo International Company Profile

Aurrigo International plc designs, engineers, manufactures, and supplies OEM products and autonomous vehicles to the automotive, aviation, and transport industries in the United Kingdom and internationally. It offers various range of components and systems, including electronic control units, wiring harness systems, interior and exterior parts, and safety critical systems.