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Mears Group (LON:MER) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Mears Group logo with Consumer Cyclical background

Mears Group plc (LON:MER - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 381.24 ($5.12) and traded as high as GBX 403.50 ($5.42). Mears Group shares last traded at GBX 402 ($5.40), with a volume of 271,185 shares.

Mears Group Stock Up 1.8%

The company has a market capitalization of £352.19 million, a P/E ratio of 8.96, a PEG ratio of 0.68 and a beta of 1.26. The firm's 50 day moving average price is GBX 396.22 and its two-hundred day moving average price is GBX 381.38. The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 139.90.

Insider Buying and Selling at Mears Group

In other news, insider Andrew C. M. Smith sold 108,411 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of GBX 393 ($5.28), for a total transaction of £426,055.23 ($571,886.21). 2.76% of the stock is owned by corporate 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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