Serco Group (LON:SRP) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Serco Group plc (LON:SRP - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 161.11 ($2.18) and traded as high as GBX 191.90 ($2.60). Serco Group shares last traded at GBX 190.70 ($2.58), with a volume of 1,350,142 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "hold" rating on shares of Serco Group in a research report on Friday, February 7th.

Serco Group Price Performance

The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40. The stock has a market capitalization of £1.94 billion, a PE ratio of 14.93, a PEG ratio of 3.06 and a beta of 0.38. The company has a 50-day moving average of GBX 173.07 and a 200 day moving average of GBX 161.36.

Insiders Place Their Bets

In other news, insider Nigel Crossley sold 192,646 shares of Serco Group stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of GBX 153 ($2.07), for a total transaction of £294,748.38 ($398,739.69). Also, insider Anthony Kirby acquired 35,300 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of GBX 159 ($2.15) per share, with a total value of £56,127 ($75,929.38). 1.67% of the stock is currently owned by corporate insiders.

Serco Group Company Profile