Mulberry Group (LON:MUL) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Mulberry Group plc's stock price has recently crossed above its 200-day moving average, signaling potential positive momentum for investors.
• The company's stock last traded at GBX 91.50 ($1.24) with a market cap of £66.65 million, despite reporting a significant negative EPS of GBX (49.80) for the last quarter.
• Mulberry Group has a debt-to-equity ratio of 466.57 and a negative return on equity of 117.82%, indicating financial challenges that may affect future growth.

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 93.83 ($1.28) and traded as high as GBX 105 ($1.43). Mulberry Group shares last traded at GBX 91.50 ($1.25), with a volume of 342 shares trading hands.

Mulberry Group Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 466.57. The company's 50-day simple moving average is GBX 94.92 and its 200-day simple moving average is GBX 93.77. The stock has a market capitalization of £63.85 million, a price-to-earnings ratio of -182.73, a PEG ratio of 0.82 and a beta of 1.29.

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 (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, analysts expect 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.