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

Key Points

• Carr's Group plc's stock price has crossed above its 50-day moving average of GBX 146.49, trading as high as GBX 151.50.
• Insider Tim Jones purchased 33,850 shares at an average price of £147, while another insider, Stuart Lorimer, sold 1,816 shares at GBX 163.
• The company maintains a debt-to-equity ratio of 6.73 and a market cap of £140.21 million, indicating significant leverage in its capital structure.

Carr's Group plc (LON:CARR - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 146.49 ($1.98) and traded as high as GBX 151.50 ($2.04). Carr's Group shares last traded at GBX 144 ($1.94), with a volume of 14,824 shares.

Analyst Ratings Changes

Separately, Shore Capital restated a "hold" rating on shares of Carr's Group in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold".

Carr's Group Stock Up 3.1%

The company has a debt-to-equity ratio of 6.73, a current ratio of 2.69 and a quick ratio of 1.04. The business has a 50 day simple moving average of GBX 146.40 and a 200 day simple moving average of GBX 138.41. The company has a market capitalization of £147.02 million, a price-to-earnings ratio of -108.35 and a beta of 0.81.

Insider Buying and Selling

In other Carr's Group news, insider Tim Jones bought 33,850 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average price of £147 per share, with a total value of £4,975,950. Also, insider Stuart Lorimer sold 1,816 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of GBX 163, for a total value of £2,960.08. Insiders have sold a total of 121,627 shares of company stock valued at $19,825,201 in the last three months. 37.57% of the stock is currently owned by insiders.

Carr's Group Company Profile

Carr's Group plc is an international, pure-play specialist agriculture manufacturer and provider of research-proven, value-added livestock supplements. Carr's Group's mission is to drive sustainable global food security through enhancements to pasture grazing productivity, enabled by research-based products that optimise livestock performance and profitability for farmers.