Carr’s Group (LON:CARR) Stock Price Crosses Above 50-Day Moving Average of $139.80

Carr’s Group plc (LON:CARR)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 139.80 ($1.79) and traded as high as GBX 143 ($1.83). Carr’s Group shares last traded at GBX 143 ($1.83), with a volume of 8,570 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “hold” rating on shares of Carr’s Group in a report on Thursday, April 18th.

Carr’s Group Stock Performance

The stock’s 50-day moving average is GBX 139.80 and its 200-day moving average is GBX 125.23. The firm has a market capitalization of £133.09 million, a price-to-earnings ratio of -14,300.00 and a beta of 0.87. 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 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 2nd were given a dividend of GBX 2.35 ($0.03) per share. This represents a yield of 2.05%. The ex-dividend date of this dividend was Thursday, May 2nd. Carr’s Group’s dividend payout ratio is -80,000.00%.

Insider Buying and Selling at Carr’s Group

In other Carr’s Group news, insider Gillian Watson purchased 37,254 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of GBX 136 ($1.74) per share, for a total transaction of £50,665.44 ($64,897.45). Corporate insiders own 28.64% of the company’s stock.

Carr’s Group Company Profile

Carr's Group plc engages in the agriculture and engineering businesses in the United Kingdom and internationally. Its Speciality Agriculture segment manufactures and supplies feed blocks, minerals and boluses containing trace elements, and minerals for livestock under the Crystalyx, Horslyx, SmartLic, Tracesure, and AminoMax brands.