Marks and Spencer Group (OTCMKTS:MAKSY) Sees Unusually-High Trading Volume – Here’s What Happened

Marks and Spencer Group PLC (OTCMKTS:MAKSY) saw strong trading volume on Wednesday . 166,196 shares changed hands during trading, an increase of 53% from the previous session’s volume of 108,437 shares.The stock last traded at $9.0325 and had previously closed at $8.99.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup raised Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Royal Bank Of Canada lowered Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Marks and Spencer Group Stock Performance

The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.56 and a current ratio of 0.87. The business has a fifty day simple moving average of $10.06 and a two-hundred day simple moving average of $9.78.

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.