Marks and Spencer Group (OTCMKTS:MAKSY) Stock Price Passes Below Fifty Day Moving Average of $6.24

Shares of Marks and Spencer Group plc (OTCMKTS:MAKSY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.24 and traded as low as $6.06. Marks and Spencer Group shares last traded at $6.12, with a volume of 8,847 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas upgraded shares of Marks and Spencer Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $214.60.

Marks and Spencer Group Stock Performance

The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.43 and a current ratio of 0.80. The business’s 50 day simple moving average is $6.24 and its 200-day simple moving average is $6.23.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.