Mears Group (LON:MER) Stock Passes Above Two Hundred Day Moving Average of $371.75

Mears Group plc (LON:MER)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Performance

The company has a debt-to-equity ratio of 137.41, a current ratio of 0.87 and a quick ratio of 0.92. The business has a 50-day moving average of GBX 371.34 and a 200-day moving average of GBX 371.75. The company 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.

Mears Group Cuts Dividend

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

Insider Activity

In other news, insider Andrew C. M. Smith acquired 12,010 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of GBX 357 ($4.72) per share, with a total value of £42,875.70 ($56,638.97). Insiders own 3.07% of the company’s stock.

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.