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

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 374.08 ($4.71) and traded as high as GBX 375 ($4.73). Mears Group shares last traded at GBX 370 ($4.66), with a volume of 152,353 shares changing hands.

Mears Group Stock Performance

The stock has a 50 day simple moving average of GBX 373.22 and a two-hundred day simple moving average of GBX 374.08. The company has a market capitalization of £332.85 million, a price-to-earnings ratio of 902.44, a PEG ratio of 0.68 and a beta of 1.26. 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 Mears Group news, insider Lucas Critchley purchased 4,518 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of GBX 362 ($4.56) per share, for a total transaction of £16,355.16 ($20,611.42). Also, insider Andrew C. M. Smith acquired 12,018 shares of the stock in a transaction on Wednesday, November 6th. The shares were acquired at an average cost of GBX 364 ($4.59) per share, for a total transaction of £43,745.52 ($55,129.83). Insiders own 2.76% of the company’s stock.

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.