Serco Group (LON:SRP) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Serco shares crossed above its 200-day moving average, moving above the GBX 270.68 level to trade as high as GBX 297.60 and last at GBX 289.40 on volume of about 5.88 million shares, despite the stock being down 1.9%.
• Valuation and balance-sheet metrics show a market cap of £2.86 billion with a high PE of 57.65 and PEG of 3.06, and elevated leverage (debt-to-equity 104.09) alongside liquidity just under 1 (current ratio 0.93, quick ratio 0.98).
• Recent earnings and outlook: Serco reported GBX 17.31 EPS for the quarter, with a net margin of 2.97% and ROE of 16.69%, and analysts expect roughly GBX 17.55 EPS for the current year.

Shares of Serco Group plc (LON:SRP - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 270.68 and traded as high as GBX 297.60. Serco Group shares last traded at GBX 289.40, with a volume of 5,879,697 shares changing hands.

Serco Group Stock Down 1.9%

The business's fifty day simple moving average is GBX 303.47 and its two-hundred day simple moving average is GBX 270.68. The company has a market cap of £2.86 billion, a PE ratio of 57.65, a PEG ratio of 3.06 and a beta of 0.51. The company has a debt-to-equity ratio of 104.09, a current ratio of 0.93 and a quick ratio of 0.98.

Serco Group (LON:SRP - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported GBX 17.31 earnings per share (EPS) for the quarter. Serco Group had a net margin of 2.97% and a return on equity of 16.69%. On average, analysts predict that Serco Group plc will post 17.552759 earnings per share for the current year.

Serco Group Company Profile

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