Mears Group (LON:MER) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Mears Group plc (LON:MER)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 369.32 ($4.51) and traded as high as GBX 372.50 ($4.55). Mears Group shares last traded at GBX 368.50 ($4.50), with a volume of 2,848,736 shares changing hands.

Mears Group Price Performance

The stock has a market cap of £331.50 million, a PE ratio of 898.78, a P/E/G ratio of 0.68 and a beta of 1.26. The business has a fifty day simple moving average of GBX 364.23 and a two-hundred day simple moving average of GBX 369.34. The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 137.41.

Insider Buying and Selling at Mears Group

In related news, insider Lucas Critchley purchased 4,518 shares of the stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of GBX 362 ($4.42) per share, with a total value of £16,355.16 ($19,969.67). Also, insider Andrew C. M. Smith bought 12,018 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average cost of GBX 364 ($4.44) per share, with a total value of £43,745.52 ($53,413.33). Insiders own 2.76% of the company’s stock.

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.