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

Carr’s Group plc (LON:CARR)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 135.51 and traded as low as GBX 125. Carr’s Group shares last traded at GBX 135.56, with a volume of 91,954 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “hold” rating on shares of Carr’s Group in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Carr’s Group Stock 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 fifty day simple moving average of GBX 135.51 and a two-hundred day simple moving average of GBX 141.21. The stock has a market cap of £70.15 million, a PE ratio of -7,974.12 and a beta of 0.81.

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.