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Mears Group (LON:MER) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Mears Group logo with Consumer Cyclical background

Mears Group plc (LON:MER - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 369.02 ($4.90) and traded as high as GBX 408 ($5.42). Mears Group shares last traded at GBX 406 ($5.39), with a volume of 137,013 shares changing hands.

Mears Group Price Performance

The stock has a market cap of £348.69 million, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. The company has a debt-to-equity ratio of 139.90, a quick ratio of 0.92 and a current ratio of 0.87. The business's fifty day simple moving average is GBX 384.37 and its 200 day simple moving average is GBX 369.38.

Mears Group (LON:MER - Get Free Report) last announced its quarterly earnings data on Thursday, April 10th. The company reported GBX 50.27 ($0.67) earnings per share (EPS) for the quarter. Mears Group had a return on equity of 21.83% and a net margin of 3.67%. Research analysts predict that Mears Group plc will post 32.5150732 EPS for the current fiscal year.

Insider Buying and Selling at Mears Group

In other Mears Group news, insider Andrew C. M. Smith sold 108,411 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of GBX 393 ($5.22), for a total transaction of £426,055.23 ($566,111.12). 2.76% of the stock is owned by corporate insiders.

About Mears Group

(Get Free Report)

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.

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