Aurrigo International (LON:AURR) Shares Cross Below 50 Day Moving Average – What’s Next?

Aurrigo International plc (LON:AURR)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 48.15 ($0.60) and traded as low as GBX 46.70 ($0.58). Aurrigo International shares last traded at GBX 46.94 ($0.59), with a volume of 2,746 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price target on Aurrigo International from GBX 165 ($2.06) to GBX 135 ($1.69) and set a “speculative buy” rating on the stock in a research report on Tuesday, January 7th.

Aurrigo International Price Performance

The firm has a market cap of £21.55 million, a P/E ratio of -522.22 and a beta of -1.03. 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 company’s 50-day moving average is GBX 48.15 and its two-hundred day moving average is GBX 65.35.

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.