Mears Group (LON:MER) Stock Passes Above Two Hundred Day Moving Average of $372.76

Mears Group plc (LON:MER)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 372.76 ($4.99) and traded as high as GBX 386 ($5.16). Mears Group shares last traded at GBX 378 ($5.06), with a volume of 161,025 shares trading hands.

Mears Group Stock Up 0.9 %

The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 137.41. The stock has a market capitalization of £346.13 million, a PE ratio of 921.95, a P/E/G ratio of 0.68 and a beta of 1.26. The stock’s fifty day simple moving average is GBX 371.86 and its 200-day simple moving average is GBX 372.76.

Mears Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be given a GBX 4.75 ($0.06) dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 12th. Mears Group’s payout ratio is 3,414.63%.

Insider Buying and Selling at Mears Group

In other Mears Group news, insider Andrew C. M. Smith bought 12,010 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of GBX 357 ($4.78) per share, for a total transaction of £42,875.70 ($57,351.12). Company insiders own 3.08% 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.