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Mears Group (LON:MER) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Mears Group logo with Consumer Cyclical background

Mears Group plc (LON:MER - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 375.59 ($5.08) and traded as high as GBX 413 ($5.59). Mears Group shares last traded at GBX 413 ($5.59), with a volume of 75,939 shares trading hands.

Mears Group Trading Up 0.7%

The company has a quick ratio of 0.92, a current ratio of 0.87 and a debt-to-equity ratio of 139.90. The firm has a market capitalization of £361.83 million, a P/E ratio of 9.20, a PEG ratio of 0.68 and a beta of 1.26. The business has a 50-day moving average price of GBX 392.85 and a 200-day moving average price of GBX 375.59.

Mears Group (LON:MER - Get Free Report) last announced its earnings results on Thursday, April 10th. The company reported GBX 50.27 ($0.68) earnings per share (EPS) for the quarter. Mears Group had a return on equity of 21.83% and a net margin of 3.67%. Analysts anticipate that Mears Group plc will post 32.5150732 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Andrew C. M. Smith sold 108,411 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of GBX 393 ($5.32), for a total transaction of £426,055.23 ($576,373.42). 2.76% of the stock is owned by 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.

See Also

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