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Carr's Group (LON:CARR) Stock Passes Above 50 Day Moving Average - Here's What Happened

Carr's Group logo with Consumer Defensive background

Key Points

  • Carr's Group plc stock price recently surpassed its 50-day moving average of GBX 148.19 ($1.96), indicating positive trading momentum.
  • The company reported a negative earnings per share (EPS) of GBX 5.10 ($0.07) for the quarter, alongside a negative return on equity of 1.34% and a negative net margin of 0.93%.
  • Insider selling activity was notable, with insiders disposing of 121,627 shares valued at approximately $19.8 million over the last three months.
  • Need Better Tools to Track Carr's Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Carr's Group plc (LON:CARR - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 148.19 ($1.97) and traded as high as GBX 149.98 ($1.99). Carr's Group shares last traded at GBX 141 ($1.87), with a volume of 4,184 shares trading hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on Carr's Group

Carr's Group Stock Performance

The company has a quick ratio of 1.04, a current ratio of 2.69 and a debt-to-equity ratio of 6.73. The firm has a market cap of £146.05 million, a P/E ratio of -107.63 and a beta of 0.81. The firm's 50-day simple moving average is GBX 147.99 and its 200 day simple moving average is GBX 136.80.

Carr's Group (LON:CARR - Get Free Report) last issued its quarterly 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 net margin of 0.93% and a negative return on equity of 1.34%. As a group, analysts expect that Carr's Group plc will post 8.8356164 earnings per share for the current year.

Insider Buying and Selling at Carr's Group

In other Carr's Group news, insider Stuart Lorimer sold 1,816 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of GBX 163 ($2.16), for a total transaction of £2,960.08 ($3,930.53). Also, insider Josh Hoopes sold 12,968 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of GBX 163 ($2.16), for a total value of £21,137.84 ($28,067.77). Insiders sold a total of 121,627 shares of company stock valued at $19,825,201 in the last quarter. Corporate insiders own 37.57% of the company's stock.

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.

Read More

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