Carr's Group (LON:CARR) Stock Passes Below 200 Day Moving Average - What's Next?

Shares of Carr's Group plc (LON:CARR - Get Free Report) 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 Analyst Weigh In

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

Carr's Group Trading Up 5.4 %

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 has a 50 day simple moving average of GBX 117.65 and a two-hundred day simple moving average of GBX 126.76. The stock has a market cap of £101.04 million, a price-to-earnings ratio of -10,700.00 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. Shareholders of record on Thursday, January 23rd will be paid a dividend of GBX 2.85 ($0.03) per share. This is a positive change from Carr's Group's previous dividend of $2.35. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a yield of 2.46%. Carr's Group's payout ratio is presently -80,000.00%.

About Carr's Group

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.