Mulberry Group (LON:MUL) Stock Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• Mulberry Group plc shares have fallen below their 200-day moving average, trading at GBX 90 ($1.21), signaling potential concerns among investors.
• The company reported a negative earnings per share (EPS) of GBX (49.80) for the last quarter, and analysts anticipate an overall EPS of 1700.0000961 for the current fiscal year.
• With a market cap of £60.69 million and a debt-to-equity ratio of 466.57, Mulberry Group is facing significant financial challenges.

Shares of Mulberry Group plc (LON:MUL - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 93.67 ($1.26) and traded as low as GBX 90 ($1.21). Mulberry Group shares last traded at GBX 90 ($1.21), with a volume of 320 shares traded.

Mulberry Group Stock Down 8.9%

The firm's 50 day moving average price is GBX 94.92 and its two-hundred day moving average price is GBX 93.67. The company has a debt-to-equity ratio of 466.57, a quick ratio of 0.66 and a current ratio of 0.98. The company has a market cap of £60.69 million, a P/E ratio of -173.69, a price-to-earnings-growth ratio of 0.82 and a beta of 1.29.

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

Mulberry Group Company Profile

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.

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