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

Key Points

• Carr's Group plc shares fell below their 50-day moving average of GBX 143.63, trading as low as GBX 133.50.
• Shore Capital has reiterated a "hold" rating for the stock, which currently has an average rating of "Hold" from analysts.
• Insider trading activity showed that insiders sold a total of 121,627 shares worth approximately $19.83 million while acquiring 88,163 shares valued at about $505,429,820 in the last 90 days.

Carr's Group plc (LON:CARR - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 143.63 ($1.94) and traded as low as GBX 133.50 ($1.80). Carr's Group shares last traded at GBX 142 ($1.91), with a volume of 9,580 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 Thursday, August 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

Carr's Group Price Performance

The company has a debt-to-equity ratio of 6.73, a quick ratio of 1.04 and a current ratio of 2.69. The stock has a market capitalization of £75.55 million, a P/E ratio of -8,588.24 and a beta of 0.81. The firm has a 50-day moving average price of GBX 142.99 and a 200 day moving average price of GBX 139.44.

Insider Transactions at Carr's Group

In related news, insider Stuart Lorimer sold 1,816 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of GBX 163, for a total transaction of £2,960.08. Also, insider Gillian Watson sold 17,272 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of GBX 163, for a total value of £28,153.36. Over the last 90 days, insiders have bought 88,163 shares of company stock valued at $505,429,820 and have sold 121,627 shares valued at $19,825,201. 7.04% of the stock is currently owned by 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.