Carr's Group (LON:CARR) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

Carr's Group plc (LON:CARR - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 118.24 ($1.48) and traded as high as GBX 128.50 ($1.60). Carr's Group shares last traded at GBX 125.50 ($1.57), with a volume of 82,176 shares changing hands.

Wall Street Analysts Forecast Growth

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

Carr's Group Price Performance

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 firm has a market cap of £118.04 million, a price-to-earnings ratio of -12,500.00 and a beta of 0.81. The stock has a 50-day moving average price of GBX 118.61 and a 200 day moving average price of GBX 123.88.

Carr's Group (LON:CARR - Get Free Report) last released its quarterly earnings results on Thursday, December 12th. The company reported GBX 2.60 ($0.03) EPS for the quarter. Carr's Group had a negative return on equity of 0.88% and a negative net margin of 1.12%. As a group, equities research analysts forecast that Carr's Group plc will post 8.8356164 earnings per share for the current fiscal year.

Carr's Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, January 23rd will be given a GBX 2.85 ($0.04) dividend. This is an increase 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 dividend payout ratio is -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.