Carr's Group (LON:CARR) Share Price Crosses Below Fifty Day Moving Average - Here's Why

Carr's Group plc (LON:CARR - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 129.25 ($1.72) and traded as low as GBX 126.28 ($1.68). Carr's Group shares last traded at GBX 126.50 ($1.68), with a volume of 114,507 shares.

Wall Street Analysts Forecast Growth

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

Carr's Group Price Performance

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 stock's 50 day moving average price is GBX 128.38 and its two-hundred day moving average price is GBX 123.73. The firm has a market capitalization of £125.60 million, a price-to-earnings ratio of -92.56 and a beta of 0.81.

Carr's Group Increases Dividend

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