Mears Group (LON:MER) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Mears Group plc (LON:MER)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 382.86 ($5.12) and traded as high as GBX 391.50 ($5.23). Mears Group shares last traded at GBX 387 ($5.17), with a volume of 82,426 shares trading hands.

Mears Group Price Performance

The company has a debt-to-equity ratio of 139.90, a current ratio of 0.87 and a quick ratio of 0.92. The stock has a market cap of £339.05 million, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. The business has a fifty day moving average of GBX 396.02 and a 200-day moving average of GBX 382.86.

Insiders Place Their Bets

In other Mears Group news, insider Andrew C. M. Smith sold 108,411 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of GBX 393 ($5.25), for a total value of £426,055.23 ($569,212.06). 2.76% of the stock is currently owned by company insiders.

About Mears Group

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.