Carr’s Group (LON:CARR) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Carr’s Group plc (LON:CARR)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 128.03 ($1.58) and traded as low as GBX 117 ($1.45). Carr’s Group shares last traded at GBX 117 ($1.45), with a volume of 40 shares changing hands.

Wall Street Analyst Weigh In

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

Carr’s Group Trading Down 4.7 %

The stock’s fifty day simple moving average is GBX 117.90 and its two-hundred day simple moving average is GBX 127.95. The firm has a market cap of £104.82 million, a PE ratio of -11,100.00 and a beta of 0.81. The company has a quick ratio of 1.04, a current ratio of 2.39 and a debt-to-equity ratio of 18.73.

Carr’s Group Increases Dividend

The business 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 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a dividend yield of 2.46%. This is an increase from Carr’s Group’s previous dividend of $2.35. Carr’s Group’s dividend payout ratio is presently -80,000.00%.

About Carr’s Group

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.