Mears Group (LON:MER) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

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

Mears Group Stock Down 0.8 %

The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 139.90. The firm has a market cap of £342.55 million, a PE ratio of 8.71, a P/E/G ratio of 0.68 and a beta of 1.26. The business’s 50-day simple moving average is GBX 375.80 and its 200 day simple moving average is GBX 367.64.

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

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.