Carr’s Group (LON:CARR) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Carr’s Group plc (LON:CARR) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

Carr’s Group Trading Up 3.7 %

The firm has a market cap of £99.36 million, a PE ratio of -10,522.60 and a beta of 0.81. The firm has a fifty day simple moving average of GBX 117.65 and a two-hundred day simple moving average of GBX 126.76. The company has a current ratio of 2.39, a quick ratio of 1.04 and a debt-to-equity ratio of 18.73.

Carr’s Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, January 23rd will be paid a GBX 2.85 ($0.04) dividend. This is a positive change from Carr’s Group’s previous dividend of $2.35. The ex-dividend date is Thursday, January 23rd. This represents a yield of 2.46%. Carr’s Group’s dividend payout ratio (DPR) is presently -80,000.00%.

About Carr’s Group

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.