Mears Group (LON:MER) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Mears Group plc (LON:MER)’s share price passed 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 trading hands.

Mears Group Stock Performance

The company has a debt-to-equity ratio of 137.41, a current ratio of 0.87 and a quick ratio of 0.92. The company has a market capitalization of £331.50 million, a price-to-earnings ratio of 898.78, a PEG ratio of 0.68 and a beta of 1.26. The stock has a 50 day simple moving average of GBX 363.69 and a two-hundred day simple moving average of GBX 369.32.

Insider Buying and Selling at Mears Group

In related news, insider Lucas Critchley purchased 4,518 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were 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 purchased 12,018 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average cost of GBX 364 ($4.44) per share, for a total transaction of £43,745.52 ($53,413.33). 2.76% 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.