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

Shares of Carr’s Group plc (LON:CARR) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 130.29 ($1.69) and traded as high as GBX 131.50 ($1.70). Carr’s Group shares last traded at GBX 131.50 ($1.70), with a volume of 118,944 shares changing hands.

Analysts Set New Price Targets

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

Carr’s Group Stock Performance

The firm’s 50 day moving average price is GBX 130.62 and its two-hundred day moving average price is GBX 123.69. The firm has a market cap of £125.60 million, a PE ratio of -92.56 and a beta of 0.81. 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 firm also recently announced a dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, January 23rd were paid a dividend of GBX 2.85 ($0.04) per share. This is a boost from Carr’s Group’s previous dividend of $2.35. The ex-dividend date was Thursday, January 23rd. This represents a yield of 2.46%. Carr’s Group’s dividend payout ratio (DPR) is -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.