Carr’s Group (LON:CARR) Shares Cross Above 50-Day Moving Average – What’s Next?

Posted by Carolyn Dwyer on Mar 9th, 2025

Shares of Carr’s Group plc (LON:CARR – Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 125.86 ($1.63) and traded as high as GBX 134 ($1.73). Carr’s Group shares last traded at GBX 130 ($1.68), with a volume of 80,737 shares changing hands.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on Carr’s Group

Carr’s Group Stock Down 2.3 %

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 firm has a market cap of £126.58 million, a P/E ratio of -93.28 and a beta of 0.81. The stock’s fifty day moving average is GBX 126.19 and its two-hundred day moving average is GBX 123.59.

Carr’s Group (LON:CARR – Get Free Report) last released its quarterly earnings results on Thursday, December 12th. The company reported GBX 2.60 ($0.03) earnings per share 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, research analysts anticipate that Carr’s Group plc will post 8.8356164 earnings per share for the current year.

Carr’s Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, January 23rd will be given a dividend of GBX 2.85 ($0.04) per share. This represents a dividend yield of 2.46%. The ex-dividend date is Thursday, January 23rd. This is an increase from Carr’s Group’s previous dividend of $2.35. Carr’s Group’s dividend payout ratio (DPR) is -574.04%.

About Carr’s Group

(Get Free Report)

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.