Mears Group (LON:MER) Stock Passes Above 200 Day Moving Average – Here’s Why

Mears Group plc (LON:MER)’s stock price passed 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 Stock Performance

The firm has a market cap of £331.50 million, a PE ratio of 898.78, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. The company has a 50 day simple moving average of GBX 364.23 and a 200-day simple moving average of GBX 369.34. The company has a debt-to-equity ratio of 137.41, a current ratio of 0.87 and a quick ratio of 0.92.

Insider Activity at Mears Group

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