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

Mears Group plc (LON:MERGet Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 368.39 ($4.78) and traded as high as GBX 397.50 ($5.16). Mears Group shares last traded at GBX 388.50 ($5.04), with a volume of 176,067 shares changing hands.

Mears Group Stock Performance

The stock has a 50-day moving average price of GBX 370.57 and a 200 day moving average price of GBX 368.43. 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 £339.92 million, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26.

About Mears Group

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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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