Mears Group (LON:MER) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Mears Group plc (LON:MER) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 367.64 ($4.88) and traded as high as GBX 393.50 ($5.22). Mears Group shares last traded at GBX 391 ($5.19), with a volume of 118,460 shares changing hands.

Mears Group Stock Down 0.8 %

The company has a market cap of £342.55 million, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. The company has a fifty day moving average of GBX 375.80 and a two-hundred day moving average of GBX 367.64. The company has a debt-to-equity ratio of 139.90, a quick ratio of 0.92 and a current ratio of 0.87.

Mears Group (LON:MER) last announced its earnings results on Thursday, April 10th. The company reported GBX 50.27 ($0.67) earnings per share for the quarter. Mears Group had a net margin of 3.67% and a return on equity of 21.83%. As a group, analysts anticipate that Mears Group plc will post 32.5150732 earnings per share for the current fiscal year.

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.