Marks and Spencer Group (OTCMKTS:MAKSY) Sees Strong Trading Volume – What’s Next?

by · The Markets Daily

Marks and Spencer Group PLC (OTCMKTS:MAKSY – Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 911,029 shares traded hands during mid-day trading, an increase of 413% from the previous session’s volume of 177,565 shares.The stock last traded at $10.2150 and had previously closed at $10.34.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank Of Canada lowered Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 20th. Berenberg Bank upgraded Marks and Spencer Group from a “hold” rating to a “buy” rating in a research report on Friday, January 9th. One investment 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 company’s stock. According to MarketBeat.com, Marks and Spencer Group currently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on MAKSY

Marks and Spencer Group Price Performance

The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.46 and a current ratio of 0.81. The business’s 50 day simple moving average is $9.17 and its 200-day simple moving average is $9.50.

Marks and Spencer Group Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 1st were paid a dividend of $0.0315 per share. This represents a dividend yield of 118.0%. The ex-dividend date was Friday, November 28th.

About Marks and Spencer Group

(Get Free Report)

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.

Further Reading