Carr’s Group (LON:CARR) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Carr’s Group plc (LON:CARR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 126.76 ($1.56) and traded as low as GBX 102 ($1.26). Carr’s Group shares last traded at GBX 102 ($1.26), with a volume of 42,348 shares trading hands.

Analyst Ratings Changes

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

Carr’s Group Price Performance

The company has a debt-to-equity ratio of 18.73, a quick ratio of 1.04 and a current ratio of 2.39. The firm has a market cap of £99.36 million, a PE ratio of -10,522.60 and a beta of 0.81. The stock has a 50 day simple moving average of GBX 117.65 and a two-hundred day simple moving average of GBX 126.76.

Carr’s Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, January 23rd will be issued a GBX 2.85 ($0.04) dividend. The ex-dividend date is Thursday, January 23rd. This is an increase from Carr’s Group’s previous dividend of $2.35. This represents a yield of 2.46%. Carr’s Group’s payout ratio is presently -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.