Carr’s Group (LON:CARR) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Carr’s Group plc (LON:CARR) shares 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 changing hands.

Wall Street Analysts Forecast Growth

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

Carr’s Group Stock Up 1.9%

The firm has a 50-day simple moving average of GBX 135.56 and a 200 day simple moving average of GBX 140.57. The company has a market capitalization 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 current ratio of 2.69 and a quick ratio of 1.04.

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