Carr’s Group (LON:CARR) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Carr’s Group plc (LON:CARR) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 126.76 ($1.55) and traded as low as GBX 102 ($1.25). Carr’s Group shares last traded at GBX 102 ($1.25), with a volume of 42,348 shares changing hands.

Analysts Set New Price Targets

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

Carr’s Group Stock Up 5.4 %

The business’s fifty day simple moving average is GBX 117.65 and its two-hundred day simple moving average is GBX 126.76. The company has a market cap of £101.04 million, a PE ratio of -10,700.00 and a beta of 0.81. The company has a debt-to-equity ratio of 18.73, a current ratio of 2.39 and a quick ratio of 1.04.

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 paid a GBX 2.85 ($0.03) dividend. This represents a dividend yield of 2.46%. The ex-dividend date is Thursday, January 23rd. This is a positive change from Carr’s Group’s previous dividend of $2.35. Carr’s Group’s payout ratio is currently -80,000.00%.

Carr’s Group Company Profile

Carr’s is an international leader in manufacturing value added products and solutions, with market leading brands and robust market positions in Agriculture and Engineering, supplying customers around the world. Carr’s operates a business model that empowers operating subsidiaries, enabling them to be competitive, agile, and effective in their individual markets whilst setting overall standards and goals.