Marks and Spencer Group (LON:MKS) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Marks and Spencer Group plc (LON:MKS)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 365.12 ($4.93) and traded as high as GBX 374.90 ($5.06). Marks and Spencer Group shares last traded at GBX 373.40 ($5.04), with a volume of 7,998,752 shares traded.

Analyst Upgrades and Downgrades

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

Marks and Spencer Group Trading Down 1.6%

The company has a debt-to-equity ratio of 95.00, a current ratio of 0.82 and a quick ratio of 0.42. The company has a market cap of £7.37 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company’s 50 day simple moving average is GBX 375.84 and its two-hundred day simple moving average is GBX 365.12.

Marks and Spencer Group (LON:MKS) last announced its earnings results on Wednesday, May 21st. The retailer reported GBX 31.90 ($0.43) earnings per share 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, sell-side analysts anticipate 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.