Carr's Group (LON:CARR) Stock Price Passes Below 50 Day Moving Average - Should You Sell?

Carr's Group plc (LON:CARR - Get Free Report)'s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 119.40 ($1.50) and traded as low as GBX 118.50 ($1.49). Carr's Group shares last traded at GBX 118.50 ($1.49), with a volume of 48,141 shares trading hands.

Analysts Set New Price Targets

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

Carr's Group Stock Down 2.6 %

The stock's fifty day simple moving average is GBX 119.23 and its two-hundred day simple moving average is GBX 129.52. The stock has a market capitalization of £109.01 million, a P/E ratio of -11,543.80 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 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. This is a positive change from Carr's Group's previous dividend of $2.35. This represents a yield of 2.46%. The ex-dividend date is Thursday, January 23rd. Carr's Group's dividend payout ratio (DPR) 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.