Mears Group (LON:MER) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Mears Group plc (LON:MER)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 370.29 ($4.93) and traded as high as GBX 401.50 ($5.34). Mears Group shares last traded at GBX 392.50 ($5.22), with a volume of 174,000 shares.

Mears Group Stock Up 0.3%

The business has a 50-day moving average of GBX 385.21 and a 200-day moving average of GBX 370.29. The company has a debt-to-equity ratio of 139.90, a quick ratio of 0.92 and a current ratio of 0.87. The stock has a market capitalization of £344.74 million, a price-to-earnings ratio of 8.77, a P/E/G ratio of 0.68 and a beta of 1.26.

Mears Group (LON:MER) last announced its earnings results on Thursday, April 10th. The company reported GBX 50.27 ($0.67) EPS for the quarter. Mears Group had a return on equity of 21.83% and a net margin of 3.67%. On average, sell-side analysts expect that Mears Group plc will post 32.5150732 EPS for the current year.

Insider Activity at Mears Group

In other news, insider Andrew C. M. Smith sold 108,411 shares of Mears Group stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of GBX 393 ($5.23), for a total value of £426,055.23 ($567,015.21). 2.76% of the stock is currently owned by company 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.