Mulberry Group (LON:MUL) Stock Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• Mulberry's stock briefly passed below its 200-day moving average, dipping to GBX 97.50 (200-day MA GBX 99.84) and last trading at GBX 100, but with only 4 shares changing hands, suggesting very low liquidity and an intraday swing rather than broad market conviction.
• The firm's fundamentals point to weakness: a current ratio of 0.76 and quick ratio of 0.66, a negative P/E (-3.05) and a market capitalization of £70.16 million, indicating liquidity and profitability concerns.

Mulberry Group plc (LON:MUL - )'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 99.84 and traded as low as GBX 97.50. Mulberry Group shares last traded at GBX 100, with a volume of 4 shares traded.

Mulberry Group Trading Up 2.6%

The firm's 50-day moving average is GBX 100.57 and its 200 day moving average is GBX 99.84. 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 firm has a market capitalization of £70.16 million, a price-to-earnings ratio of -3.05, a P/E/G ratio of 0.82 and a beta of 1.29.

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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