Carr's Group (LON:CARR) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

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 share price passed 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 ($2.03). Carr's Group shares last traded at GBX 140 ($1.88), with a volume of 11,946 shares changing hands.

Analyst Ratings Changes

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

Carr's Group Stock Performance

The stock has a 50 day moving average price of GBX 146.98 and a two-hundred day moving average price of GBX 137.62. The company has a market cap of £144.34 million, a P/E ratio of -106.37 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.

Insider Activity at Carr's Group

In other Carr's Group news, insider Josh Hoopes sold 12,968 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of GBX 163 ($2.19), for a total transaction of £21,137.84 ($28,391.99). Also, insider Stuart Lorimer sold 1,816 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of GBX 163 ($2.19), for a total transaction of £2,960.08 ($3,975.93). Insiders have sold 121,627 shares of company stock valued at $19,825,201 in the last quarter. 37.57% of the stock is owned by company 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.