Mears Group (LON:MER) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

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 374.08 ($4.71) and traded as high as GBX 375 ($4.73). Mears Group shares last traded at GBX 370 ($4.66), with a volume of 152,353 shares.

Mears Group Stock Performance

The stock’s 50-day moving average is GBX 373.22 and its 200 day moving average is GBX 374.08. The stock has a market cap of £332.85 million, a price-to-earnings ratio of 902.44, 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.

Insider Activity

In related news, insider Andrew C. M. Smith purchased 12,018 shares of Mears Group stock in a transaction dated Wednesday, November 6th. The stock was bought at an average cost of GBX 364 ($4.59) per share, for a total transaction of £43,745.52 ($55,129.83). Also, insider Lucas Critchley purchased 4,518 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of GBX 362 ($4.56) per share, for a total transaction of £16,355.16 ($20,611.42). Insiders own 2.76% 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.