Marks and Spencer Group (LON:MKS) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Marks and Spencer Group plc (LON:MKS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 365.46 ($4.95) and traded as high as GBX 385.40 ($5.22). Marks and Spencer Group shares last traded at GBX 375.20 ($5.08), with a volume of 9,567,623 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday.

Marks and Spencer Group Trading Down 2.3%

The firm has a market cap of £7.53 billion, a PE ratio of 14.92, a P/E/G ratio of 0.20 and a beta of 1.62. The company’s fifty day moving average price is GBX 369.17 and its two-hundred day moving average price is GBX 365.46. The company has a quick ratio of 0.42, a current ratio of 0.82 and a debt-to-equity ratio of 95.00.

Marks and Spencer Group (LON:MKS) last released its quarterly earnings data on Wednesday, May 21st. The retailer reported GBX 31.90 ($0.43) EPS for the quarter. Marks and Spencer Group had a net margin of 3.77% and a return on equity of 17.23%. As a group, sell-side analysts forecast that Marks and Spencer Group plc will post 26.0113154 earnings per share for the current fiscal year.

About Marks and Spencer Group

M&S has a heritage of quality, innovation and value for money and has been voted the UK’s most trusted brand. From these foundations, M&S is reshaping for sustainable profitable growth and value creation.

We operate as a family of businesses, selling high-quality, great-value, own-brand products and services, alongside a carefully selected range of third-party brands.