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

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 traded.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MAKSY shares. Sanford C. Bernstein raised Marks and Spencer Group to a “strong-buy” rating in a research note on Thursday, May 14th. Morgan Stanley began coverage on Marks and Spencer Group in a research note on Monday, May 18th. They set an “overweight” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Marks and Spencer Group has a consensus rating of “Buy”.

Marks and Spencer Group Trading Up 0.5%

The company has a quick ratio of 0.54, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average of $10.30 and a 200-day moving average of $9.91.

About Marks and Spencer Group

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.