Carr’s Group (LON:CARR) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Carr’s Group plc (LON:CARR)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 121.42 ($1.53) and traded as high as GBX 143.82 ($1.81). Carr’s Group shares last traded at GBX 136 ($1.72), with a volume of 92,174 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Carr’s Group in a research report on Thursday, January 16th.

Carr’s Group Price Performance

The company has a market capitalization of £134.05 million, a price-to-earnings ratio of -98.79 and a beta of 0.81. The stock’s 50-day simple moving average is GBX 121.42 and its two-hundred day simple moving average is GBX 123.14. The company has a quick ratio of 1.04, a current ratio of 2.69 and a debt-to-equity ratio of 6.73.

Carr’s Group (LON:CARR) last released its earnings results on Thursday, December 12th. The company reported GBX 2.60 ($0.03) earnings per share (EPS) for the quarter. Carr’s Group had a negative net margin of 0.93% and a negative return on equity of 1.34%. Equities research analysts predict that Carr’s Group plc will post 8.8356164 earnings per share for the current year.

Carr’s Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, January 23rd will be issued a dividend of GBX 2.85 ($0.04) per share. This is a positive change from Carr’s Group’s previous dividend of $2.35. The ex-dividend date is Thursday, January 23rd. This represents a dividend yield of 2.46%. Carr’s Group’s dividend payout ratio is presently -574.04%.

About Carr’s Group

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.