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

Marks and Spencer Group plc (LON:MKS) 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 reiterated a “house stock” rating on shares of Marks and Spencer Group in a research report on Wednesday, May 21st.

Marks and Spencer Group Price Performance

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 firm has a market cap of £7.38 billion, a P/E ratio of 14.62, a PEG ratio of 0.20 and a beta of 1.62. The stock’s 50-day simple moving average is GBX 376.60 and its two-hundred day simple moving average is GBX 364.81.

Marks and Spencer Group (LON:MKS) last posted its quarterly earnings data 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%. Equities research analysts forecast that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current fiscal year.

About Marks and Spencer Group

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.