Carr's Group (LON:CARR) Stock Price Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• Carr's Group (LON:CARR) shares fell below their fifty-day moving average of GBX 141.53, trading at GBX 126.50 ($1.70) with a volume of 21,653 shares.
• Analysts from Shore Capital have given the stock a consensus rating of "Hold", indicating cautious optimism without strong buy or sell signals.
• Insider Tim Jones purchased 33,850 shares at £147 each, contributing to a total of 88,163 shares bought by insiders worth over $500 million in the last quarter.

Carr's Group plc (LON:CARR - Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 141.53 ($1.90) and traded as low as GBX 126.50 ($1.70). Carr's Group shares last traded at GBX 126.50 ($1.70), with a volume of 21,653 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "hold" rating on shares of Carr's Group in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Carr's Group Stock Up 3.3%

The business has a 50-day moving average price of GBX 141.53 and a 200-day moving average price of GBX 140.23. The company has a market capitalization of £67.64 million, a price-to-earnings ratio of -7,689.41 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 Buying and Selling at Carr's Group

In other Carr's Group news, insider Tim Jones purchased 33,850 shares of the stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of £147 per share, for a total transaction of £4,975,950. Insiders acquired a total of 88,163 shares of company stock worth $505,429,820 in the last quarter. Insiders own 7.07% of the company's stock.

About Carr's Group

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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