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

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY) gapped down prior to trading on Tuesday . The stock had previously closed at $10.3195, but opened at $9.94. Marks and Spencer Group shares last traded at $9.86, with a volume of 16,963 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAKSY. Royal Bank Of Canada lowered shares of Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a report on Monday, October 20th. Citigroup upgraded shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Marks and Spencer Group Price Performance

The business’s fifty day simple moving average is $10.04 and its 200 day simple moving average is $9.82. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88.

About Marks and Spencer Group

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.