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

Shares of Carr’s Group plc (LON:CARR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 126.76 ($1.56) and traded as low as GBX 102 ($1.26). Carr’s Group shares last traded at GBX 102 ($1.26), with a volume of 42,348 shares.

Wall Street Analysts Forecast Growth

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

Carr’s Group Stock Up 3.7 %

The company has a market capitalization of £99.36 million, a P/E ratio of -10,522.60 and a beta of 0.81. The company has a 50-day moving average of GBX 117.65 and a two-hundred day moving average of GBX 126.76. The company has a quick ratio of 1.04, a current ratio of 2.39 and a debt-to-equity ratio of 18.73.

Carr’s Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, January 23rd will be issued a dividend of GBX 2.85 ($0.04) per share. This represents a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, January 23rd. 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.