Carr’s Group (LON:CARR) Stock Passes Above 50 Day Moving Average of $123.02

Shares of Carr’s Group plc (LON:CARRGet Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 123.02 ($1.56) and traded as high as GBX 140.41 ($1.78). Carr’s Group shares last traded at GBX 137 ($1.74), with a volume of 11,812 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “hold” rating on shares of Carr’s Group in a research report on Thursday, April 18th.

View Our Latest Stock Analysis on Carr’s Group

Carr’s Group Stock Performance

The company has a 50 day simple moving average of GBX 123.02 and a 200-day simple moving average of GBX 115.94. The company has a debt-to-equity ratio of 18.73, a current ratio of 2.39 and a quick ratio of 1.04. The stock has a market cap of £132.13 million, a P/E ratio of -13,700.00 and a beta of 0.87.

Carr’s Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 2nd will be paid a GBX 2.35 ($0.03) dividend. This represents a yield of 2.05%. The ex-dividend date is Thursday, May 2nd. Carr’s Group’s dividend payout ratio is currently -80,000.00%.

Insiders Place Their Bets

In other Carr’s Group news, insider Gillian Watson acquired 37,254 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was bought at an average price of GBX 136 ($1.73) per share, with a total value of £50,665.44 ($64,394.31). Insiders own 28.60% of the company’s stock.

About Carr’s Group

(Get Free Report)

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.

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