Aurrigo International (LON:AURR) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Aurrigo International plc (LON:AURR) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 50.15 ($0.61) and traded as low as GBX 44.50 ($0.54). Aurrigo International shares last traded at GBX 44.50 ($0.54), with a volume of 8,000 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AURR. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 165 ($2.02) price target on shares of Aurrigo International in a research note on Thursday, September 26th. Canaccord Genuity Group decreased their target price on shares of Aurrigo International from GBX 165 ($2.02) to GBX 135 ($1.65) and set a “speculative buy” rating for the company in a research report on Tuesday, January 7th.

Aurrigo International Stock Down 5.3 %

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 50-day moving average of GBX 50.15 and a 200 day moving average of GBX 67.18. The stock has a market capitalization of £20.40 million, a price-to-earnings ratio of -494.44 and a beta of -1.03.

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.