Marks and Spencer Group (OTCMKTS:MAKSY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY) saw strong trading volume on Wednesday . 166,196 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 108,437 shares.The stock last traded at $9.0325 and had previously closed at $8.99.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup upgraded shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Royal Bank Of Canada downgraded Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Marks and Spencer Group currently has a consensus rating of “Moderate Buy”.

Marks and Spencer Group Price Performance

The stock’s 50-day simple moving average is $10.06 and its 200 day simple moving average is $9.78. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88.

Marks and Spencer Group Company Profile

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.