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Mulberry Group (LON:MUL) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

Mulberry Group logo with Consumer Cyclical background

Key Points

  • Mulberry Group plc's shares fell below their 200-day moving average during Tuesday trading, with the stock priced at GBX 90 ($1.21) at its lowest point.
  • The company reported a negative earnings per share of GBX (49.80) for its last quarterly earnings, reflecting a challenging financial performance.
  • Mulberry Group currently has a market capitalization of £69.42 million and a concerning debt-to-equity ratio of 466.57.
  • Interested in Mulberry Group? Here are five stocks we like better.

Mulberry Group plc (LON:MUL - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 93.95 ($1.26) and traded as low as GBX 90 ($1.21). Mulberry Group shares last traded at GBX 98.95 ($1.33), with a volume of 9,221 shares trading hands.

Mulberry Group Stock Performance

The firm has a market cap of £69.42 million, a price-to-earnings ratio of -198.69, a price-to-earnings-growth ratio of 0.82 and a beta of 1.29. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 466.57. The stock has a fifty day moving average price of GBX 95.48 and a 200-day moving average price of GBX 93.95.

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

Further Reading

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