Carr’s Group (LON:CARR) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of Carr’s Group plc (LON:CARR) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 135.56 and traded as low as GBX 125. Carr’s Group shares last traded at GBX 135.56, with a volume of 91,954 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “hold” rating on shares of Carr’s Group in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Carr’s Group Stock Performance

The company’s fifty day simple moving average is GBX 135.56 and its two-hundred day simple moving average is GBX 140.57. The company has a market capitalization of £70.15 million, a price-to-earnings ratio of -7,974.12 and a beta of 0.81. The company has a debt-to-equity ratio of 6.73, a quick ratio of 1.04 and a current ratio of 2.69.

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. The Group produces nutritional animal supplements including feed licks, blocks, bagged minerals, and boluses for cattle, sheep, goats and horses.