Mears Group (LON:MER) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

by · The Cerbat Gem

Mears Group plc (LON:MER – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 374.06 ($4.88) and traded as high as GBX 387 ($5.05). Mears Group shares last traded at GBX 385 ($5.03), with a volume of 287,466 shares traded.

Mears Group Price Performance

The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 137.41. The company has a fifty day moving average price of GBX 377.33 and a two-hundred day moving average price of GBX 374.32. The firm has a market cap of £345.45 million, a P/E ratio of 936.59, a PEG ratio of 0.68 and a beta of 1.26.

Mears Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a GBX 4.75 ($0.06) dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, September 12th. Mears Group’s dividend payout ratio (DPR) is presently 3,414.63%.

Insider Transactions at Mears Group

In related news, insider Andrew C. M. Smith acquired 12,010 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of GBX 357 ($4.66) per share, with a total value of £42,875.70 ($55,988.12). 2.76% of the stock is owned by 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.

Further Reading