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

Shares of 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 ($1.56) 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 traded.

Analyst Ratings Changes

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

Carr’s Group Trading Up 3.7 %

The firm has a market capitalization of £99.36 million, a price-to-earnings ratio of -10,522.60 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 company has a 50 day moving average price of GBX 117.65 and a two-hundred day moving average price of GBX 126.76.

Carr’s Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, January 23rd will be given a dividend of GBX 2.85 ($0.04) per share. 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. This represents a yield of 2.46%. Carr’s Group’s dividend payout ratio is currently -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.