Carr's Group (LON:CARR) Shares Pass Below 50-Day Moving Average - Should You Sell?

Key Points

• Carr's Group plc shares have fallen below their fifty-day moving average, trading at GBX 150 ($2.02) after hitting a low of GBX 140.50 ($1.89).
• The company currently has a debt-to-equity ratio of 6.73 and a market cap of £139.52 million, indicating potential financial stress.
• Insiders have sold a total of 121,627 shares worth approximately $19.8 million in the last 90 days, raising concerns about confidence in the company's future performance.

Carr's Group plc (LON:CARR - Get Free Report)'s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 146.30 ($1.98) and traded as low as GBX 140.50 ($1.90). Carr's Group shares last traded at GBX 150 ($2.03), with a volume of 113,976 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a "hold" rating on shares of Carr's Group in a research report on Thursday. One analyst has rated the stock with a Hold rating, According to MarketBeat, Carr's Group currently has a consensus rating of "Hold".

Carr's Group Price Performance

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 stock has a market cap of £70.23 million, a PE ratio of -8,000.00 and a beta of 0.81. The company has a fifty day moving average of GBX 145.73 and a 200-day moving average of GBX 139.24.

Insider Transactions at Carr's Group

In related news, insider Stuart Lorimer sold 1,816 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of GBX 163, for a total value of £2,960.08. Also, insider Josh Hoopes sold 12,968 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of GBX 163, for a total value of £21,137.84. Insiders have sold a total of 121,627 shares of company stock worth $19,825,201 over the last quarter. 6.97% of the stock is owned by corporate 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.