Carr’s Group (LON:CARR) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Carr’s Group plc (LON:CARR)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 119.40 ($1.50) and traded as low as GBX 118.50 ($1.49). Carr’s Group shares last traded at GBX 118.50 ($1.49), with a volume of 48,141 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “hold” rating on shares of Carr’s Group in a report on Thursday, December 12th.

Carr’s Group Stock Performance

The company has a current ratio of 2.39, a quick ratio of 1.04 and a debt-to-equity ratio of 18.73. The firm has a fifty day simple moving average of GBX 119 and a 200 day simple moving average of GBX 129.32. The stock has a market cap of £109.01 million, a price-to-earnings ratio of -11,543.80 and a beta of 0.81.

Carr’s Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, January 23rd will be given a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date is Thursday, January 23rd. This is a positive change from Carr’s Group’s previous dividend of $2.35. This represents a yield of 2.46%. Carr’s Group’s dividend payout ratio is -80,000.00%.

Carr’s Group Company Profile

Carr's Group plc engages in the agriculture and engineering businesses in the United Kingdom and internationally. Its Speciality Agriculture segment manufactures and supplies feed blocks, minerals and boluses containing trace elements, and minerals for livestock under the Crystalyx, Horslyx, SmartLic, Tracesure, and AminoMax brands.