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

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY) saw strong trading volume on Thursday . 349,647 shares changed hands during mid-day trading, an increase of 149% from the previous session’s volume of 140,243 shares.The stock last traded at $9.7985 and had previously closed at $9.73.

Analyst Upgrades and Downgrades

MAKSY has been the topic of a number of recent research reports. Berenberg Bank raised Marks and Spencer Group from a “hold” rating to a “buy” rating in a report on Friday, January 9th. Royal Bank Of Canada cut Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Marks and Spencer Group Trading Up 1.0%

The stock has a 50-day moving average of $9.02 and a 200-day moving average of $9.46. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.46.

Marks and Spencer Group Dividend Announcement

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

Marks and Spencer Group Company Profile

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.