Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Down – Here’s Why
by Michael Walen · The Markets DailyMarks and Spencer Group PLC (OTCMKTS:MAKSY – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $9.42, but opened at $9.01. Marks and Spencer Group shares last traded at $9.42, with a volume of 3,454 shares changing hands.
Analyst Ratings Changes
Separately, Berenberg Bank upgraded Marks and Spencer Group from a “hold” rating to a “buy” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on MAKSY
Marks and Spencer Group Trading Down 0.2%
The business’s fifty day moving average price is $10.12 and its 200 day moving average price is $9.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.46 and a current ratio of 0.81.
Marks and Spencer Group Company Profile
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.