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Mulberry Group (LON:MUL) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Mulberry Group logo with Consumer Cyclical background

Key Points

  • Mulberry Group plc shares surpassed their 200-day moving average, indicating potential bullish momentum in the market.
  • The company reported a significant negative earnings per share of GBX (49.80) (($0.66)) for the most recent quarter, reflecting ongoing financial challenges.
  • With a market cap of £70.05 million and a high debt-to-equity ratio of 466.57, Mulberry Group is under scrutiny regarding its financial health and sustainability.
  • Looking to export and analyze Mulberry Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Mulberry Group plc (LON:MUL - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 94.62 ($1.26) and traded as high as GBX 98.80 ($1.31). Mulberry Group shares last traded at GBX 88.25 ($1.17), with a volume of 1,316 shares trading hands.

Mulberry Group Stock Up 6.1%

The firm has a market capitalization of £68.75 million, a price-to-earnings ratio of -1.75, a P/E/G ratio of 0.82 and a beta of 1.29. The business has a 50 day simple moving average of GBX 101.03 and a 200-day simple moving average of GBX 94.34. 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 issued its quarterly earnings data on Thursday, July 10th. The company reported GBX (49.80) (($0.66)) earnings per share (EPS) for the quarter. Mulberry Group had a negative return on equity of 117.82% and a negative net margin of 21.92%. On average, equities analysts expect that Mulberry Group plc will post 1700.0000961 EPS for the current year.

About Mulberry Group

(Get Free Report)

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.

See Also

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