Serco Group (LON:SRP) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Serco Group plc (LON:SRP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 163.37 ($2.11) and traded as high as GBX 167.10 ($2.16). Serco Group shares last traded at GBX 166.20 ($2.15), with a volume of 1,094,605 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “hold” rating on shares of Serco Group in a report on Friday, February 7th.

Serco Group Price Performance

The business has a fifty day moving average price of GBX 156.16 and a 200-day moving average price of GBX 163.34. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40. The stock has a market capitalization of £1.67 billion, a PE ratio of 12.81, a PEG ratio of 3.06 and a beta of 0.38.

Serco Group (LON:SRP) last posted its earnings results on Thursday, February 27th. The company reported GBX 16.67 ($0.22) earnings per share for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. Research analysts expect that Serco Group plc will post 17.552759 EPS for the current fiscal year.

About Serco Group

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.