Marks and Spencer Group (LON:MKS) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Marks and Spencer Group plc (LON:MKS)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 364.81 ($4.90) and traded as high as GBX 374.30 ($5.02). Marks and Spencer Group shares last traded at GBX 367.78 ($4.94), with a volume of 8,791,613 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, May 21st.

Marks and Spencer Group Price Performance

The firm’s fifty day moving average price is GBX 376.60 and its 200 day moving average price is GBX 364.81. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00. The stock has a market cap of £7.38 billion, a PE ratio of 14.62, a P/E/G ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group (LON:MKS) last released its earnings results on Wednesday, May 21st. The retailer reported GBX 31.90 ($0.43) EPS for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. As a group, equities analysts expect that Marks and Spencer Group plc will post 26.0113154 EPS for the current fiscal year.

Marks and Spencer Group Company Profile

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands.