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

Carr's Group logo with Consumer Defensive background

Shares of Carr's Group plc (LON:CARR - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 141.31 ($1.94) and traded as low as GBX 136 ($1.87). Carr's Group shares last traded at GBX 136 ($1.87), with a volume of 18,416 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "hold" rating on shares of Carr's Group in a research report on Wednesday, May 21st.

Get Our Latest Stock Analysis on CARR

Carr's Group Trading Up 4.3%

The firm has a market cap of £142.15 million, a PE ratio of -104.76 and a beta of 0.81. The business has a 50-day moving average price of GBX 141.83 and a two-hundred day moving average price of GBX 131.19. The company has a debt-to-equity ratio of 6.73, a current ratio of 2.69 and a quick ratio of 1.04.

Carr's Group (LON:CARR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported GBX 5.10 ($0.07) EPS for the quarter. Carr's Group had a negative return on equity of 1.34% and a negative net margin of 0.93%. Analysts forecast that Carr's Group plc will post 8.8356164 EPS for the current year.

Carr's Group Company Profile

(Get Free Report)

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.

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