Marks and Spencer Group (OTCMKTS:MAKSY) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Marks and Spencer Group PLC (OTCMKTS:MAKSY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.92 and traded as low as $9.39. Marks and Spencer Group shares last traded at $9.44, with a volume of 35,149 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Marks and Spencer Group from a “hold” rating to a “buy” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Marks and Spencer Group Trading Down 0.1%

The business’s 50 day moving average price is $9.92 and its 200-day moving average price is $9.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.46.

About Marks and Spencer Group

Marks and Spencer Group plc (OTCMKTS: MAKSY), commonly known as M&S, is a leading British retailer operating a network of full-line stores, food halls and online channels. The company’s retail portfolio spans clothing and home products as well as premium grocery offerings. M&S is recognized for its emphasis on quality, innovation and ethical sourcing across its range of private-label apparel, homeware and prepared foods.

In the apparel and home division, M&S designs and markets women’s, men’s and children’s fashion under core brands such as Autograph, Per Una and Collection, alongside its own bedding, kitchenware and furnishings.