Mears Group (LON:MER) Stock Price Crosses Above 200 Day Moving Average of $197.46

Mears Group plc (LON:MERGet Rating)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 197.46 ($2.39) and traded as high as GBX 208 ($2.51). Mears Group shares last traded at GBX 200 ($2.42), with a volume of 116,860 shares trading hands.

Mears Group Stock Up 1.5 %

The firm has a market cap of ¬£221.92 million and a P/E ratio of 1,052.63. The stock’s 50 day simple moving average is GBX 200.67 and its 200 day simple moving average is GBX 197.46. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.92 and a current ratio of 1.04.

Mears Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 3.25 ($0.04) per share. This represents a yield of 1.63%. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from Mears Group’s previous dividend of $2.50. Mears Group’s payout ratio is 4,736.84%.

About Mears Group

(Get Rating)

Mears Group plc, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It 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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