Mears Group plc (LON:MER – Get Free Report) was down 9.1% during mid-day trading on Wednesday . The company traded as low as GBX 345.50 ($4.49) and last traded at GBX 350 ($4.54). Approximately 510,074 shares changed 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 11.2 %
The firm has a market cap of £307.66 million, a PE ratio of 939.02, a PEG ratio of 0.68 and a beta of 1.26. The company has a debt-to-equity ratio of 137.41, a current ratio of 0.87 and a quick ratio of 0.92. The stock’s fifty day simple moving average is GBX 379.15 and its 200-day simple moving average is GBX 374.71.
Mears Group Cuts Dividend
The company also recently declared a dividend, which was paid on Thursday, October 3rd. Shareholders 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 yield of 1.4%. Mears Group’s payout ratio is presently 3,414.63%.
Insider Activity
Mears Group Company Profile
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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