Mulberry Group (LON:MUL) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• The share price of Mulberry Group (LON:MUL) has recently surpassed its 200-day moving average, trading at GBX 100 ($1.35) with a volume of 11,788 shares.
• As of now, the company has a market capitalization of £70.16 million and reported a negative net margin of 21.92% in its latest quarterly earnings.
• Mulberry Group is involved in designing and manufacturing a range of fashion accessories and clothing, catering both locally and internationally.

Mulberry Group plc (LON:MUL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 93.69 ($1.27) and traded as high as GBX 100 ($1.35). Mulberry Group shares last traded at GBX 100 ($1.35), with a volume of 11,788 shares traded.

Mulberry Group Stock Down 8.8%

The firm's 50 day moving average is GBX 94.73 and its two-hundred day moving average is GBX 93.64. The stock has a market cap of £63.99 million, a price-to-earnings ratio of -183.13, a P/E/G ratio of 0.82 and a beta of 1.29. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 466.57.

Mulberry Group (LON:MUL - Get Free Report) last posted its quarterly earnings data on Thursday, July 10th. The company reported GBX (49.80) EPS 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 predict that Mulberry Group plc will post 1700.0000961 EPS 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.