Carr’s Group (LON:CARR) Trading Down 2.1% – Here’s What Happened

Carr’s Group plc (LON:CARR)’s stock price fell 2.1% during mid-day trading on Wednesday . The stock traded as low as GBX 113.40 ($1.43) and last traded at GBX 116 ($1.46). 13,692 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 100,446 shares. The stock had previously closed at GBX 118.50 ($1.50).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “hold” rating on shares of Carr’s Group in a research report on Thursday.

Carr’s Group Stock Performance

The company has a current ratio of 2.39, a quick ratio of 1.04 and a debt-to-equity ratio of 18.73. The stock has a market capitalization of £115.68 million, a PE ratio of -12,250.00 and a beta of 0.81. The business’s 50 day moving average is GBX 120.44 and its 200 day moving average is GBX 130.15.

Carr’s Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, January 23rd will be issued a GBX 2.85 ($0.04) dividend. This represents a dividend yield of 2.46%. This is an increase from Carr’s Group’s previous dividend of $2.35. The ex-dividend date of this dividend is Thursday, January 23rd. Carr’s Group’s dividend payout ratio is presently -80,000.00%.

Carr’s Group Company Profile

Carr's Group plc engages in the agriculture and engineering businesses in the United Kingdom and internationally. Its Speciality Agriculture segment manufactures and supplies feed blocks, minerals and boluses containing trace elements, and minerals for livestock under the Crystalyx, Horslyx, SmartLic, Tracesure, and AminoMax brands.