Mears Group (LON:MER) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Mears Group plc (LON:MER) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 373.63 ($4.89) and traded as high as GBX 385.50 ($5.05). Mears Group shares last traded at GBX 372 ($4.87), with a volume of 330,035 shares.

Mears Group Stock Performance

The firm has a fifty day simple moving average of GBX 373.39 and a two-hundred day simple moving average of GBX 373.70. The stock has a market cap of £339.78 million, a PE ratio of 913.41, 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.

Mears Group Cuts Dividend

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

Insider Activity at Mears Group

In other Mears Group news, insider Andrew C. M. Smith acquired 12,010 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of GBX 357 ($4.67) per share, with a total value of £42,875.70 ($56,112.68). 3.08% 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.