Carr’s Group (LON:CARR) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Carr’s Group plc (LON:CARR) passed 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 traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “hold” rating on shares of Carr’s Group in a report on Thursday, December 12th.

Carr’s Group Price Performance

The stock has a market capitalization of £101.04 million, a PE ratio of -10,700.00 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. The stock’s 50-day moving average is GBX 117.65 and its 200 day moving average is GBX 126.76.

Carr’s Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, January 23rd will be given a dividend of GBX 2.85 ($0.03) per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a dividend yield of 2.46%. This is a boost from Carr’s Group’s previous dividend of $2.35. Carr’s Group’s 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.