Serco Group (LON:SRP) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Serco Group plc (LON:SRP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 178.45 ($2.31) and traded as high as GBX 179.70 ($2.33). Serco Group shares last traded at GBX 178 ($2.31), with a volume of 1,290,105 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SRP shares. Shore Capital reiterated a "buy" rating on shares of Serco Group in a research report on Thursday, August 1st. JPMorgan Chase & Co. restated an "overweight" rating on shares of Serco Group in a report on Friday, August 30th.

Serco Group Stock Down 0.1 %

The business has a fifty day simple moving average of GBX 176.35 and a two-hundred day simple moving average of GBX 178.45. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 77.78. The company has a market cap of £1.83 billion, a PE ratio of 1,367.69, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38.

Serco Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, August 29th were issued a dividend of GBX 1.34 ($0.02) per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a dividend yield of 0.7%. Serco Group's dividend payout ratio is presently 3,076.92%.

Serco Group Company Profile

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.