Carr's Group (LON:CARR) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Carr's Group stock price crossed above its fifty-day moving average, reaching a high of GBX 151.50 ($2.04) during trading, above the average of GBX 147.29 ($1.98).
• Analysts have maintained a "hold" rating on Carr's Group, with a current market cap of £139.77 million and a P/E ratio of -103.00.
• Insider transactions revealed significant sales, with insiders selling over 121,000 shares valued at approximately $19.8 million in the last ninety days.

Carr's Group plc (LON:CARR - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 147.29 ($1.98) and traded as high as GBX 151.50 ($2.04). Carr's Group shares last traded at GBX 140 ($1.88), with a volume of 11,946 shares.

Analyst Upgrades and Downgrades

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

Carr's Group Trading Up 2.5%

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 business has a 50 day moving average price of GBX 147.29 and a 200-day moving average price of GBX 137.16. The company has a market cap of £139.77 million, a P/E ratio of -103.00 and a beta of 0.81.

Carr's Group (LON:CARR - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported GBX 5.10 ($0.07) earnings per share (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 earnings per share for the current fiscal year.

Insider Transactions at Carr's Group

In other news, insider Josh Hoopes sold 12,968 shares of Carr's Group stock in a transaction dated Monday, June 30th. The stock was sold at an average price of GBX 163 ($2.19), for a total transaction of £21,137.84 ($28,426.36). Also, insider Gillian Watson sold 17,272 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of GBX 163 ($2.19), for a total value of £28,153.36 ($37,860.89). Over the last ninety days, insiders sold 121,627 shares of company stock valued at $19,825,201. Company insiders own 37.57% of the company's stock.

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.

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