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

Shares of Mears Group plc (LON:MERGet Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 366.66 ($4.63) and traded as high as GBX 374 ($4.72). Mears Group shares last traded at GBX 374 ($4.72), with a volume of 426,913 shares changing hands.

Mears Group Stock Performance

The firm’s 50 day moving average is GBX 360.32 and its 200 day moving average is GBX 366.66. 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 cap of £329.85 million, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26.

Mears Group Company Profile

(Get Free Report)

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.

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