Mears Group (LON:MER) Shares Pass Above 200-Day Moving Average – Here’s Why

Mears Group plc (LON:MERGet Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 374.08 ($4.71) and traded as high as GBX 375 ($4.73). Mears Group shares last traded at GBX 370 ($4.66), with a volume of 152,353 shares changing hands.

Mears Group Stock Performance

The company has a market cap of £332.85 million, a PE ratio of 902.44, a PEG ratio of 0.68 and a beta of 1.26. The company has a debt-to-equity ratio of 137.41, a current ratio of 0.87 and a quick ratio of 0.92. The business has a 50-day moving average of GBX 373.22 and a 200 day moving average of GBX 374.08.

Insider Activity at Mears Group

In related news, insider Lucas Critchley purchased 4,518 shares of the business’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of GBX 362 ($4.56) per share, with a total value of £16,355.16 ($20,611.42). Also, insider Andrew C. M. Smith purchased 12,018 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of GBX 364 ($4.59) per share, with a total value of £43,745.52 ($55,129.83). 2.76% of the stock is owned by company insiders.

Mears Group Company Profile

(Get Free Report)

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.

Recommended Stories

Receive News & Ratings for Mears Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mears Group and related companies with MarketBeat.com's FREE daily email newsletter.