Marks and Spencer Group (OTCMKTS:MAKSY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Marks and Spencer Group plc (OTCMKTS:MAKSY) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.84 and traded as low as $9.19. Marks and Spencer Group shares last traded at $9.61, with a volume of 16,078 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays raised Marks and Spencer Group to a “strong-buy” rating in a research note on Monday, September 16th. UBS Group raised Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 23rd.

Marks and Spencer Group Stock Up 0.9 %

The company’s fifty day moving average price is $9.84 and its two-hundred day moving average price is $9.06. The company has a quick ratio of 0.55, a current ratio of 0.86 and a debt-to-equity ratio of 1.02.

Marks and Spencer Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 17th. Investors of record on Friday, November 29th will be paid a $0.0258 dividend. The ex-dividend date is Friday, November 29th.

Marks and Spencer Group Company Profile

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.