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Carr's Group (LON:CARR) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Carr's Group logo with Consumer Defensive background
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Carr's Group plc (LON:CARR - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 125.86 ($1.62) and traded as high as GBX 134 ($1.73). Carr's Group shares last traded at GBX 130 ($1.67), with a volume of 80,737 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "house stock" rating on shares of Carr's Group in a research report on Thursday, January 16th.

Read Our Latest Stock Report on Carr's Group

Carr's Group Price Performance

The company has a current ratio of 2.69, a quick ratio of 1.04 and a debt-to-equity ratio of 6.73. The firm has a market capitalization of £124.14 million, a P/E ratio of -91.49 and a beta of 0.81. The company has a 50 day moving average of GBX 126.51 and a 200-day moving average of GBX 123.55.

Carr's Group (LON:CARR - Get Free Report) last issued its quarterly earnings data on Thursday, December 12th. The company reported GBX 2.60 ($0.03) earnings per share for the quarter. Carr's Group had a negative net margin of 0.93% and a negative return on equity of 1.34%. On average, sell-side analysts predict that Carr's Group plc will post 8.8356164 EPS for the current year.

Carr's Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, January 23rd were paid a dividend of GBX 2.85 ($0.04) per share. This represents a yield of 2.46%. The ex-dividend date of this dividend was Thursday, January 23rd. This is a positive change from Carr's Group's previous dividend of $2.35. Carr's Group's dividend payout ratio (DPR) is -574.04%.

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Carr's Group Company Profile

(Get Free Report)

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.

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