Carr’s Group (LON:CARR) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Carr’s Group plc (LON:CARR)’s share price 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 traded.

Analyst Upgrades and Downgrades

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

Carr’s Group Stock Up 5.4 %

The firm has a 50 day moving average price of GBX 117.65 and a 200-day moving average price of GBX 126.76. 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 market cap of £101.04 million, a PE ratio of -10,700.00 and a beta of 0.81.

Carr’s Group Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, January 23rd will be issued a dividend of GBX 2.85 ($0.03) per share. This represents a yield of 2.46%. The ex-dividend date is Thursday, January 23rd. This is a boost from Carr’s Group’s previous dividend of $2.35. Carr’s Group’s payout ratio is -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.