Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Down – Should You Sell?

Marks and Spencer Group PLC (OTCMKTS:MAKSY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $9.33, but opened at $8.74. Marks and Spencer Group shares last traded at $8.84, with a volume of 14,153 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Peel Hunt downgraded Marks and Spencer Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Marks and Spencer Group Stock Down 4.8%

The business’s 50-day moving average price is $9.35 and its 200 day moving average price is $9.69. 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.