Mears Group (LON:MER) Share Price Passes Above 200 Day Moving Average of $371.75

Shares of Mears Group plc (LON:MER) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 371.75 ($4.91) and traded as high as GBX 391 ($5.17). Mears Group shares last traded at GBX 387.50 ($5.12), with a volume of 325,806 shares changing hands.

Mears Group Stock Down 0.5 %

The company’s 50-day simple moving average is GBX 371.34 and its two-hundred day simple moving average is GBX 371.75. The firm has a market capitalization of £352.97 million, a P/E ratio of 945.12, a P/E/G ratio of 0.68 and a beta of 1.26. The company has a debt-to-equity ratio of 137.41, a current ratio of 0.87 and a quick ratio of 0.92.

Mears Group Cuts Dividend

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

Insider Buying and Selling at Mears Group

In related news, insider Andrew C. M. Smith acquired 12,010 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of GBX 357 ($4.72) per share, with a total value of £42,875.70 ($56,638.97). 3.07% of the stock is currently owned by corporate insiders.

Mears Group Company Profile

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.