Mears Group plc (LON:MER - Get Free Report) dropped 9.1% during mid-day trading on Wednesday . The stock traded as low as GBX 345.50 ($4.49) and last traded at GBX 350 ($4.54). Approximately 510,074 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 392,014 shares. The stock had previously closed at GBX 385 ($5.00).
Mears Group Trading Down 13.6 %
The stock has a market capitalization of £299.12 million, a price-to-earnings ratio of 810.98, 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 quick ratio of 0.92 and a current ratio of 0.87. The firm has a fifty day moving average of GBX 378.58 and a 200-day moving average of GBX 374.48.
Mears Group Cuts Dividend
The firm also recently announced a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid a dividend of GBX 4.75 ($0.06) per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 1.4%. Mears Group's dividend payout ratio is presently 3,414.63%.
Insider Buying and Selling
In other news, insider Andrew C. M. Smith purchased 12,010 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of GBX 357 ($4.64) per share, for a total transaction of £42,875.70 ($55,668.27). Insiders own 2.76% of the company's stock.
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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