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

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY) gapped up before the market opened on Wednesday . The stock had previously closed at $10.51, but opened at $10.82. Marks and Spencer Group shares last traded at $10.78, with a volume of 951 shares trading hands.

Wall Street Analysts Forecast Growth

MAKSY has been the topic of several research reports. Morgan Stanley started coverage on shares of Marks and Spencer Group in a research report on Monday, May 18th. They issued an “overweight” rating on the stock. Sanford C. Bernstein upgraded shares of Marks and Spencer Group to a “strong-buy” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Marks and Spencer Group currently has an average rating of “Buy”.

Marks and Spencer Group Trading Down 0.4%

The company has a fifty day simple moving average of $10.35 and a 200-day simple moving average of $9.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.54.

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.