Mears Group (LON:MER) Share Price Crosses Above Two Hundred Day Moving Average of $372.76

Mears Group plc (LON:MER) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 372.76 ($4.99) and traded as high as GBX 386 ($5.16). Mears Group shares last traded at GBX 378 ($5.06), with a volume of 161,025 shares trading 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 stock has a market capitalization of £346.13 million, a P/E ratio of 921.95, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. The company has a 50 day simple moving average of GBX 371.86 and a 200-day simple moving average of GBX 372.76.

Mears Group Cuts Dividend

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

Insider Buying and Selling at Mears Group

In other Mears Group news, insider Andrew C. M. Smith bought 12,010 shares of Mears Group stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of GBX 357 ($4.78) per share, for a total transaction of £42,875.70 ($57,351.12). Insiders own 3.08% of the company’s stock.

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.