Carr’s Group (LON:CARR) Shares Pass Below 50-Day Moving Average – Time to Sell?

Carr’s Group plc (LON:CARR)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 137.26 and traded as low as GBX 125. Carr’s Group shares last traded at GBX 135.56, with a volume of 91,954 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “hold” rating on shares of Carr’s Group in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Carr’s Group Stock Performance

The company has a market capitalization of £70.15 million, a price-to-earnings ratio of -7,974.12 and a beta of 0.81. 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 stock’s fifty day simple moving average is GBX 137.26 and its 200-day simple moving average is GBX 141.72.

Insider Transactions at Carr’s Group

In other Carr’s Group news, insider Tim Jones bought 21,313 shares of Carr’s Group stock in a transaction on Monday, September 8th. The shares were bought at an average cost of GBX 140 per share, for a total transaction of £29,838.20. 7.07% of the stock is currently owned by company insiders.

About Carr’s Group

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.