Marston’s (LON:MARS) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Marston’s PLC (LON:MARS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 40.93 ($0.52) and traded as high as GBX 43 ($0.55). Marston’s shares last traded at GBX 42 ($0.53), with a volume of 5,725,937 shares.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of Marston’s in a report on Tuesday, January 21st.

Marston’s Price Performance

The firm’s fifty day simple moving average is GBX 41.90 and its 200 day simple moving average is GBX 40.93. The firm has a market cap of £264.41 million, a P/E ratio of -15.40, a P/E/G ratio of -0.16 and a beta of 1.68. The company has a debt-to-equity ratio of 198.96, a quick ratio of 0.23 and a current ratio of 0.36.

Marston’s (LON:MARS) last released its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 5.20 ($0.07) EPS for the quarter. Marston’s had a negative net margin of 1.91% and a negative return on equity of 2.72%. As a group, analysts forecast that Marston’s PLC will post 8.364486 earnings per share for the current year.

Insider Buying and Selling at Marston’s

In other Marston’s news, insider Hayleigh Lupino purchased 111,997 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of GBX 45 ($0.57) per share, with a total value of £50,398.65 ($64,047.08). Insiders own 1.83% of the company’s stock.

Marston’s Company Profile

Marston’s PLC operates managed, franchised, tenanted, partnership, and leased pubs in the United Kingdom. It is also involved in the property management; telecommunications; and insurance businesses. The company was formerly known as The Wolverhampton & Dudley Breweries PLC and changed its name to Marston’s PLC in January 2007.