Serco Group (LON:SRP) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Serco Group plc (LON:SRP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 159.81 ($2.16) and traded as high as GBX 189.49 ($2.57). Serco Group shares last traded at GBX 187.30 ($2.54), with a volume of 2,266,338 shares traded.

Wall Street Analyst Weigh In

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

Serco Group Price Performance

The firm has a market capitalization of £1.90 billion, a P/E ratio of 14.58, a P/E/G ratio of 3.06 and a beta of 0.38. The stock's 50 day simple moving average is GBX 170.49 and its 200 day simple moving average is GBX 160.47. The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91.

Serco Group (LON:SRP - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported GBX 16.67 ($0.23) earnings per share (EPS) for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. As a group, analysts expect that Serco Group plc will post 17.552759 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Serco Group news, insider Anthony Kirby bought 35,300 shares of the business's stock in a transaction on Friday, May 9th. The shares were acquired at an average price of GBX 159 ($2.15) per share, with a total value of £56,127 ($76,032.24). Also, insider Nigel Crossley sold 192,646 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of GBX 153 ($2.07), for a total transaction of £294,748.38 ($399,279.84). 1.67% of the stock is currently owned by company insiders.

Serco Group Company Profile