Carr’s Group (LON:CARR) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of Carr’s Group plc (LON:CARR) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 128.03 ($1.60) and traded as low as GBX 117 ($1.46). Carr’s Group shares last traded at GBX 117 ($1.46), with a volume of 40 shares traded.

Wall Street Analyst Weigh In

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

Carr’s Group Stock 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 company has a market capitalization of £106.29 million, a P/E ratio of -11,256.30 and a beta of 0.81. The firm has a 50 day moving average price of GBX 117.87 and a two-hundred day moving average price of GBX 128.03.

Carr’s Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 10th. Stockholders 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 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 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.