Carr’s Group (LON:CARR) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Carr’s Group plc (LON:CARR)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-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 trading hands.

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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Carr’s Group presently has an average rating of “Hold”.

Carr’s Group Stock Performance

The company has a market cap of £70.15 million, a PE 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. The stock’s 50-day simple moving average is GBX 135.56 and its 200 day simple moving average is GBX 139.53.

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.