Carr's Group (LON:CARR) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Carr's Group plc (LON:CARR - Get Free Report) shares crossed 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "hold" rating on shares of Carr's Group in a research note on Thursday, December 12th.

Carr's Group Stock Up 5.4 %

The stock's fifty day simple moving average is GBX 117.65 and its two-hundred day simple moving average is GBX 126.76. The company has a market capitalization of £101.04 million, a price-to-earnings ratio of -10,700.00 and a beta of 0.81. The company has a debt-to-equity ratio of 18.73, a quick ratio of 1.04 and a current ratio of 2.39.

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 ($0.03) 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 dividend payout ratio is currently -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.