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Mears Group (LON:MER) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Mears Group logo with Consumer Cyclical background

Mears Group plc (LON:MER - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 379.41 ($5.18) and traded as high as GBX 387.50 ($5.29). Mears Group shares last traded at GBX 379 ($5.18), with a volume of 98,609 shares.

Mears Group Stock Performance

The stock has a market capitalization of £334.67 million, a PE ratio of 8.51, a PEG ratio of 0.68 and a beta of 1.26. The business's 50 day moving average is GBX 398.61 and its 200 day moving average is GBX 379.41. The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 139.90.

Mears Group (LON:MER - Get Free Report) last released its earnings results on Thursday, April 10th. The company reported GBX 50.27 ($0.69) EPS for the quarter. Mears Group had a return on equity of 21.83% and a net margin of 3.67%. On average, equities research analysts predict that Mears Group plc will post 32.5150732 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Andrew C. M. Smith sold 108,411 shares of Mears Group stock in a transaction on Thursday, May 8th. The stock was sold at an average price of GBX 393 ($5.37), for a total transaction of £426,055.23 ($581,804.22). 2.76% of the stock is owned by company insiders.

Mears Group Company Profile

(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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