Mears Group plc (LON:MER - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 374.06 ($4.88) and traded as high as GBX 387 ($5.05). Mears Group shares last traded at GBX 385 ($5.03), with a volume of 287,466 shares traded.
Mears Group Stock Performance
The company has a market capitalization of £349.04 million, a price-to-earnings ratio of 946.34, a PEG ratio of 0.68 and a beta of 1.26. The company's 50-day moving average price is GBX 376.33 and its two-hundred day moving average price is GBX 374.19. The company has a debt-to-equity ratio of 137.41, a current ratio of 0.87 and a quick ratio of 0.92.
Mears Group Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were given a dividend of GBX 4.75 ($0.06) per share. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 1.4%. Mears Group's payout ratio is presently 3,414.63%.
Insider Activity
In related news, insider Andrew C. M. Smith acquired 12,010 shares of the stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of GBX 357 ($4.66) per share, with a total value of £42,875.70 ($55,988.12). 2.76% of the stock is currently owned by company insiders.
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.
Further Reading
Before you consider Mears Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mears Group wasn't on the list.
While Mears Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
