Mears Group plc (LON:MER) Insider Acquires £42,875.70 in Stock

Mears Group plc (LON:MER) insider Andrew C. M. Smith purchased 12,010 shares of the company’s stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of GBX 357 ($4.56) per share, with a total value of £42,875.70 ($54,744.25).

Mears Group Price Performance

MER stock opened at GBX 365.50 ($4.67) on Thursday. The stock has a market capitalization of £351.17 million, a price-to-earnings ratio of 1,142.19, a PEG ratio of 0.68 and a beta of 1.18. The firm’s 50-day moving average price is GBX 368.95 and its two-hundred day moving average price is GBX 365.21. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 145.24. Mears Group plc has a 12-month low of GBX 249.82 ($3.19) and a 12-month high of GBX 398 ($5.08).

Mears Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of GBX 4.75 ($0.06) per share. The ex-dividend date is Thursday, September 12th. This represents a yield of 1.4%. Mears Group’s dividend payout ratio is presently 4,062.50%.

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.