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

Aurrigo International plc (LON:AURR) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 69.47 and traded as high as GBX 75. Aurrigo International shares last traded at GBX 74, with a volume of 24,161 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 175 target price on shares of Aurrigo International in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Aurrigo International has an average rating of “Buy” and an average price target of GBX 175.

Aurrigo International Trading Down 1.0%

The firm has a market capitalization of £70.80 million, a price-to-earnings ratio of -13.20 and a beta of 0.28. 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 fifty day moving average price of GBX 69.62 and a 200 day moving average price of GBX 76.49.

Aurrigo International (LON:AURR) last issued its earnings results on Thursday, June 4th. The company reported GBX (0.04) earnings per share for the quarter. Aurrigo International had a negative net margin of 48.74% and a negative return on equity of 25.73%. The firm had revenue of GBX 800 million during the quarter.

Aurrigo International Company Profile

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.