Mears Group (LON:MER) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of Mears Group plc (LON:MERGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 367.87 ($4.76) and traded as high as GBX 381 ($4.93). Mears Group shares last traded at GBX 379 ($4.90), with a volume of 389,027 shares traded.

Mears Group Price Performance

The company’s 50-day moving average price is GBX 362.99 and its 200-day moving average price is GBX 367.94. 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 has a market cap of £336.42 million, a P/E ratio of 8.56, a P/E/G ratio of 0.68 and a beta of 1.26.

About Mears Group

(Get Free Report)

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.

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