Marks and Spencer Group (OTCMKTS:MAKSY) Share Price Passes Above 50-Day Moving Average – What’s Next?

Marks and Spencer Group plc (OTCMKTS:MAKSY)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.90 and traded as high as $10.09. Marks and Spencer Group shares last traded at $10.00, with a volume of 25,773 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MAKSY. Barclays raised shares of Marks and Spencer Group to a “strong-buy” rating in a research report on Monday, September 16th. UBS Group raised shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 23rd.

Marks and Spencer Group Stock Up 0.6 %

The company has a quick ratio of 0.55, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. The firm has a 50 day simple moving average of $9.90 and a 200 day simple moving average of $8.99.

Marks and Spencer Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, November 29th will be given a $0.0258 dividend. The ex-dividend date is Friday, November 29th.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.