Mears Group (LON:MER) Shares Down 9.1% – Here’s What Happened

Shares of Mears Group plc (LON:MER) were down 9.1% on Wednesday . The stock traded as low as GBX 345.50 ($4.49) and last traded at GBX 350 ($4.54). Approximately 510,074 shares traded hands during trading, an increase of 30% from the average daily volume of 392,014 shares. The stock had previously closed at GBX 385 ($5.00).

Mears Group Stock Up 4.2 %

The business has a 50-day moving average price of GBX 378.58 and a 200-day moving average price of GBX 374.48. The stock has a market cap of £303.62 million, a PE ratio of 790.24, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 137.41.

Mears Group Cuts Dividend

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

Insider Transactions at Mears Group

In other news, insider Andrew C. M. Smith acquired 12,010 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of GBX 357 ($4.64) per share, for a total transaction of £42,875.70 ($55,668.27). Corporate 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.