Marks and Spencer Group (OTCMKTS:MAKSY) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Marks and Spencer Group plc (OTCMKTS:MAKSY) 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.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MAKSY. UBS Group raised shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 23rd. Barclays raised shares of Marks and Spencer Group to a “strong-buy” rating in a research note on Monday, September 16th.

Marks and Spencer Group Price Performance

The stock has a fifty day moving average price of $9.82 and a two-hundred day moving average price of $9.07. The company has a current ratio of 0.86, a quick ratio of 0.55 and a debt-to-equity ratio of 1.02.

Marks and Spencer Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.0258 per share. The ex-dividend date is Friday, November 29th.

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.