Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Up – What’s Next?

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY) gapped up before the market opened on Wednesday . The stock had previously closed at $8.55, but opened at $9.13. Marks and Spencer Group shares last traded at $9.0650, with a volume of 15,962 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently commented on MAKSY. Sanford C. Bernstein raised shares of Marks and Spencer Group to a “strong-buy” rating in a research report on Thursday, May 14th. Morgan Stanley began coverage on shares of Marks and Spencer Group in a research report on Monday. They issued an “overweight” rating for the company. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Marks and Spencer Group Trading Up 1.2%

The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.46 and a current ratio of 0.81. The company has a 50 day simple moving average of $9.23 and a two-hundred day simple moving average of $9.52.

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.