Carr’s Group (LON:CARR) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Carr’s Group plc (LON:CARR) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 146.49 ($1.99) and traded as high as GBX 151.50 ($2.05). Carr’s Group shares last traded at GBX 144 ($1.95), with a volume of 14,824 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a “hold” rating on shares of Carr’s Group in a report on Wednesday, May 21st.

Carr’s Group Stock Down 2.0%

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 company has a market capitalization of £140.21 million, a price-to-earnings ratio of -103.33 and a beta of 0.81. The stock’s fifty day simple moving average is GBX 146.49 and its two-hundred day simple moving average is GBX 138.04.

Insider Activity

In other news, insider Tim Jones acquired 33,850 shares of Carr’s Group stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of £147 ($199.24) per share, with a total value of £4,975,950 ($6,744,307.40). Also, insider Stuart Lorimer sold 1,816 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of GBX 163 ($2.21), for a total transaction of £2,960.08 ($4,012.04). Insiders sold a total of 121,627 shares of company stock valued at $19,825,201 over the last ninety days. Corporate insiders own 37.57% of the company’s stock.

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.