Mears Group (LON:MER) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Mears Group plc (LON:MER)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 368.08 ($4.75) and traded as high as GBX 388.50 ($5.02). Mears Group shares last traded at GBX 383 ($4.95), with a volume of 775,684 shares trading hands.

Mears Group Stock Performance

The firm has a market cap of £335.54 million, a price-to-earnings ratio of 8.53, a P/E/G ratio of 0.68 and a beta of 1.26. The company has a debt-to-equity ratio of 139.90, a current ratio of 0.87 and a quick ratio of 0.92. The firm has a fifty day simple moving average of GBX 365.78 and a two-hundred day simple moving average of GBX 368.08.

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.