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

Marks and Spencer Group PLC (OTCMKTS:MAKSYGet Free Report) saw an uptick in trading volume on Thursday . 911,029 shares were traded during mid-day trading, an increase of 413% from the previous session’s volume of 177,565 shares.The stock last traded at $10.2150 and had previously closed at $10.34.

Analysts Set New Price Targets

A number of brokerages recently commented on MAKSY. Royal Bank Of Canada downgraded Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 20th. Berenberg Bank upgraded Marks and Spencer Group from a “hold” rating to a “buy” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Marks and Spencer Group

Marks and Spencer Group Trading Down 0.6%

The company has a 50 day moving average of $9.11 and a 200-day moving average of $9.49. The company has a current ratio of 0.81, a quick ratio of 0.46 and a debt-to-equity ratio of 1.01.

Marks and Spencer Group Dividend Announcement

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

About Marks and Spencer Group

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Marks and Spencer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marks and Spencer Group and related companies with MarketBeat.com's FREE daily email newsletter.