Mears Group (LON:MER) Trading Down 9.1% - Time to Sell?

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

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.