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

Key Points

• Technical signal: Mulberry's stock passed above its 200-day moving average (200‑day MA GBX 101.14), trading as high as GBX 118 and last at GBX 113.26 on light volume (1,674 shares).
• Weak fundamentals: The firm has a market cap of £82.79m, a negative P/E of -3.60 (loss-making), low liquidity (current ratio 0.76, quick ratio 0.66) and an unusually large negative debt-to-equity ratio (-739.19).

Mulberry Group plc (LON:MUL - )'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 101.14 and traded as high as GBX 118. Mulberry Group shares last traded at GBX 113.26, with a volume of 1,674 shares.

Mulberry Group Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of -739.19. The stock has a market capitalization of £82.79 million, a PE ratio of -3.60, a price-to-earnings-growth ratio of 0.82 and a beta of 0.60. The firm has a 50 day moving average price of GBX 101.88 and a 200 day moving average price of GBX 101.14.

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.

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