Carr’s Group (LON:CARR) Shares Cross Above 50-Day Moving Average – Here’s Why

Carr’s Group plc (LON:CARR)’s share price passed 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.

Analyst Ratings Changes

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

Carr’s Group Trading Down 0.4 %

The firm has a market capitalization of £128.04 million, a P/E ratio of -94.36 and a beta of 0.81. The company has a quick ratio of 1.04, a current ratio of 2.69 and a debt-to-equity ratio of 6.73. The firm has a 50 day moving average of GBX 130.29 and a 200-day moving average of GBX 123.60.

Carr’s Group Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, January 23rd were issued a dividend of GBX 2.85 ($0.04) per share. This is a positive change 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 was Thursday, January 23rd. Carr’s Group’s dividend payout ratio is -574.04%.

Carr’s Group Company Profile

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.