Mears Group (LON:MER) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Mears Group plc (LON:MER)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 369.32 ($4.51) and traded as high as GBX 372.50 ($4.55). Mears Group shares last traded at GBX 368.50 ($4.50), with a volume of 2,848,736 shares traded.

Mears Group Price Performance

The company has a debt-to-equity ratio of 137.41, a quick ratio of 0.92 and a current ratio of 0.87. The stock has a market capitalization of £331.50 million, a price-to-earnings ratio of 898.78, a P/E/G ratio of 0.68 and a beta of 1.26. The company has a 50-day moving average of GBX 363.69 and a 200-day moving average of GBX 369.32.

Insider Buying and Selling

In other Mears Group news, insider Lucas Critchley purchased 4,518 shares of the business’s stock in a transaction on Monday, November 4th. The stock was bought at an average cost of GBX 362 ($4.42) per share, for a total transaction of £16,355.16 ($19,969.67). Also, insider Andrew C. M. Smith purchased 12,018 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average price of GBX 364 ($4.44) per share, with a total value of £43,745.52 ($53,413.33). Insiders own 2.76% of the company’s stock.

Mears Group Company Profile

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.