Carr’s Group (LON:CARR) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Carr’s Group plc (LON:CARR) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 121.42 ($1.53) and traded as high as GBX 143.82 ($1.81). Carr’s Group shares last traded at GBX 136 ($1.72), with a volume of 92,174 shares traded.

Analyst Upgrades and Downgrades

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

Carr’s Group Stock Up 1.2 %

The company has a current ratio of 2.69, a quick ratio of 1.04 and a debt-to-equity ratio of 6.73. The company has a market capitalization of £134.05 million, a PE ratio of -98.79 and a beta of 0.81. The business’s 50-day simple moving average is GBX 121.42 and its 200-day simple moving average is GBX 123.14.

Carr’s Group (LON:CARR) last posted its earnings results on Thursday, December 12th. The company reported GBX 2.60 ($0.03) earnings per share (EPS) for the quarter. Carr’s Group had a negative net margin of 0.93% and a negative return on equity of 1.34%. As a group, equities research analysts anticipate that Carr’s Group plc will post 8.8356164 EPS for the current fiscal year.

Carr’s Group Increases Dividend

The company also recently announced 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 boost from Carr’s Group’s previous dividend of $2.35. This represents a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, January 23rd. Carr’s Group’s payout ratio is currently -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.