Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Up – Here’s Why

Marks and Spencer Group PLC (OTCMKTS:MAKSY) gapped up prior to trading on Friday . The stock had previously closed at $10.8990, but opened at $11.32. Marks and Spencer Group shares last traded at $10.94, with a volume of 20,628 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded shares of Marks and Spencer Group from a “hold” rating to a “buy” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Marks and Spencer Group Stock Up 0.1%

The company has a quick ratio of 0.46, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The business has a 50 day simple moving average of $9.68 and a 200-day simple moving average of $9.66.

Marks and Spencer Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 1st were given a dividend of $0.0315 per share. 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.