Carr’s Group (LON:CARR) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Carr’s Group plc (LON:CARR) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 139.23 ($1.87) and traded as high as GBX 151 ($2.03). Carr’s Group shares last traded at GBX 148.50 ($1.99), with a volume of 9,343 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “hold” rating on shares of Carr’s Group in a research note on Wednesday, May 21st.

Carr’s Group Stock Performance

The stock’s 50 day moving average price is GBX 139.23 and its 200 day moving average price is GBX 129.75. 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 company has a market cap of £144.59 million, a price-to-earnings ratio of -106.56 and a beta of 0.81.

Carr’s Group (LON:CARR) last posted its quarterly earnings data on Wednesday, May 7th. The company reported GBX 5.10 ($0.07) EPS 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, analysts expect that Carr’s Group plc will post 8.8356164 EPS for the current fiscal year.

Carr’s Group Company Profile

Carr’s Group plc is an international, pure-play specialist agriculture manufacturer and provider of research-proven, value-added livestock supplements.

Carr’s Group’s mission is to drive sustainable global food security through enhancements to pasture grazing productivity, enabled by research-based products that optimise livestock performance and profitability for farmers.