Mears Group (LON:MER) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

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 381.24 ($5.15) and traded as high as GBX 403.50 ($5.45). Mears Group shares last traded at GBX 402 ($5.43), with a volume of 271,185 shares changing hands.

Mears Group Stock Down 0.5%

The company has a fifty day moving average of GBX 396.28 and a two-hundred day moving average of GBX 381.88. The company has a market cap of £346.50 million, a PE ratio of 8.81, 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.

Insider Activity at Mears Group

In related news, insider Andrew C. M. Smith sold 108,411 shares of Mears Group stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of GBX 393 ($5.31), for a total transaction of £426,055.23 ($575,983.82). Company insiders own 2.76% of the company's stock.

About Mears Group

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.