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

Mears Group plc (LON:MER)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 369.02 ($4.91) and traded as high as GBX 408 ($5.42). Mears Group shares last traded at GBX 406 ($5.40), with a volume of 137,013 shares trading hands.

Mears Group Price Performance

The company has a market capitalization of £355.69 million, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. The company has a debt-to-equity ratio of 139.90, a current ratio of 0.87 and a quick ratio of 0.92. The company’s 50-day moving average price is GBX 382.18 and its two-hundred day moving average price is GBX 369.02.

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