Mears Group (LON:MER) Share Price Passes Above Two Hundred Day Moving Average of $197.65

Mears Group plc (LON:MERGet Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 197.65 ($2.39) and traded as high as GBX 204 ($2.46). Mears Group shares last traded at GBX 196 ($2.37), with a volume of 148,864 shares.

Mears Group Trading Down 3.0 %

The business’s fifty day moving average price is GBX 202.52 and its 200 day moving average price is GBX 197.65. The firm has a market capitalization of £217.48 million and a PE ratio of 1,031.58. The company has a quick ratio of 0.92, a current ratio of 1.04 and a debt-to-equity ratio of 97.38.

Mears Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, October 28th. Investors of record on Thursday, October 6th will be issued a GBX 3.25 ($0.04) dividend. This represents a yield of 1.63%. This is an increase from Mears Group’s previous dividend of $2.50. The ex-dividend date is Thursday, October 6th. Mears Group’s payout ratio is presently 42.11%.

Mears Group Company Profile

(Get Rating)

Mears Group plc, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It 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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