Mulberry Group (LON:MUL) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Mulberry Group plc shares exceeded their 200-day moving average of GBX 94.32, reaching a high of GBX 102.50 during trading.
• The company reported a negative net margin of 21.92% and a negative return on equity of 117.82% in its most recent quarterly earnings.
• Mulberry Group has a market capitalization of £70.47 million and a significantly high debt-to-equity ratio of 466.57.

Mulberry Group plc (LON:MUL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 94.32 ($1.27) and traded as high as GBX 102.50 ($1.38). Mulberry Group shares last traded at GBX 100.60 ($1.36), with a volume of 1,011 shares traded.

Mulberry Group Trading Down 7.0%

The firm has a market capitalization of £68.41 million, a PE ratio of -196.10, a PEG ratio of 0.82 and a beta of 1.29. The company's 50-day moving average price is GBX 96.62 and its 200-day moving average price is GBX 94.40. The company has a debt-to-equity ratio of 466.57, a quick ratio of 0.66 and a current ratio of 0.98.

Mulberry Group (LON:MUL - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The company reported GBX (49.80) earnings per share for the quarter. Mulberry Group had a negative net margin of 21.92% and a negative return on equity of 117.82%. On average, sell-side analysts expect that Mulberry Group plc will post 1700.0000961 earnings per share for the current year.

About Mulberry Group

Mulberry Group plc, together with its subsidiaries, designs and manufactures fashion accessories and clothing in the United Kingdom, Asia Pacific, and internationally. The company offers briefcases, messenger bags, and backpacks; wallets, and purses and pouches; sunglasses, scarves, gloves and hats, belts, cufflinks, keyrings, and shoes; jewelry, organisers, leather care, and care products; gifts; and luggage, holdalls, bag, and other travel accessories for men and women, as well as ready-to-wear and eyewear products.