Serco Group (LON:SRP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Serco Group plc (LON:SRP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 159.81 ($2.15) and traded as high as GBX 189.49 ($2.55). Serco Group shares last traded at GBX 187.30 ($2.52), with a volume of 2,266,338 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “hold” rating on shares of Serco Group in a report on Friday, February 7th.

Serco Group Stock Performance

The stock has a market capitalization of £1.91 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The stock has a fifty day moving average of GBX 168.81 and a 200-day moving average of GBX 159.81. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40.

Serco Group (LON:SRP) last announced its quarterly earnings results on Thursday, February 27th. The company reported GBX 16.67 ($0.22) earnings per share (EPS) for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. Equities analysts anticipate that Serco Group plc will post 17.552759 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Serco Group news, insider Anthony Kirby purchased 35,300 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was bought at an average cost of GBX 159 ($2.14) per share, with a total value of £56,127 ($75,612.29). Also, insider Nigel Crossley sold 192,646 shares of Serco Group stock in a transaction dated Monday, April 7th. The stock was sold at an average price of GBX 153 ($2.06), for a total value of £294,748.38 ($397,074.47). 1.67% of the stock is owned by company insiders.

Serco Group Company Profile