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

Mears Group plc (LON:MER) shares passed 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 trading hands.

Mears Group Trading Down 1.0 %

The company has a market cap of £345.45 million, a price-to-earnings ratio of 936.59, a PEG 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. The business’s 50 day moving average price is GBX 377.33 and its 200-day moving average price is GBX 374.32.

Mears Group Cuts Dividend

The company 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. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, September 12th. Mears Group’s payout ratio is 3,414.63%.

Insider Activity

In other news, insider Andrew C. M. Smith purchased 12,010 shares of Mears Group stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of GBX 357 ($4.66) per share, for a total transaction of £42,875.70 ($55,988.12). 2.76% of the stock is owned by company insiders.

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.