Carr's Group (LON:CARR) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Carr's Group plc (LON:CARR - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 128.03 ($1.58) and traded as low as GBX 117 ($1.45). Carr's Group shares last traded at GBX 117 ($1.45), with a volume of 40 shares traded.

Wall Street Analysts Forecast Growth

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

Carr's Group Stock Down 0.4 %

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 business's 50-day simple moving average is GBX 117.90 and its 200-day simple moving average is GBX 127.95. The company has a market capitalization of £110.01 million, a PE ratio of -11,650.00 and a beta of 0.81.

Carr's Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, January 23rd will be given a dividend of GBX 2.85 ($0.04) per share. The ex-dividend date of this dividend 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 currently -80,000.00%.

About Carr's Group

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.