Carr’s Group (LON:CARR) Shares Cross Above 50 Day Moving Average – Time to Sell?

Carr’s Group plc (LON:CARR) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 127.88 ($1.66) and traded as high as GBX 135.50 ($1.76). Carr’s Group shares last traded at GBX 125 ($1.63), with a volume of 28,590 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of Carr’s Group in a research note on Thursday, January 16th.

Carr’s Group Price Performance

The company has a market capitalization of £121.71 million, a PE ratio of -89.69 and a beta of 0.81. The firm has a fifty day simple moving average of GBX 128.19 and a 200 day simple moving average of GBX 123.45. The company has a debt-to-equity ratio of 6.73, a quick ratio of 1.04 and a current ratio of 2.69.

Carr’s Group Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, January 23rd were given a dividend of GBX 2.85 ($0.04) per share. This represents a dividend yield of 2.46%. This is a positive change from Carr’s Group’s previous dividend of $2.35. The ex-dividend date was Thursday, January 23rd. Carr’s Group’s dividend payout ratio is presently -574.04%.

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.