Marston’s (LON:MARS) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Marston’s PLC (LON:MARS)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 40.67 ($0.51) and traded as high as GBX 41.70 ($0.52). Marston’s shares last traded at GBX 41.20 ($0.52), with a volume of 1,071,142 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of Marston’s in a report on Tuesday, January 21st.

Marston’s Stock Performance

The company has a quick ratio of 0.23, a current ratio of 0.36 and a debt-to-equity ratio of 198.96. The stock has a market capitalization of £263.46 million, a P/E ratio of -15.35, a P/E/G ratio of -0.16 and a beta of 1.68. The business has a fifty day moving average price of GBX 42.10 and a 200-day moving average price of GBX 40.69.

Marston’s (LON:MARS) last posted its earnings results on Tuesday, December 3rd. The company reported GBX 5.20 ($0.07) earnings per share (EPS) for the quarter. Marston’s had a negative net margin of 1.91% and a negative return on equity of 2.72%. On average, sell-side analysts expect that Marston’s PLC will post 8.364486 EPS for the current year.

Insider Buying and Selling

In other news, insider Hayleigh Lupino acquired 45,736 shares of Marston’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price of GBX 43 ($0.54) per share, for a total transaction of £19,666.48 ($24,753.28). 1.83% of the stock is currently owned by corporate insiders.

Marston’s Company Profile

Marston’s PLC operates managed, franchised, tenanted, partnership, and leased pubs in the United Kingdom. It is also involved in the property management; telecommunications; and insurance businesses. The company was formerly known as The Wolverhampton & Dudley Breweries PLC and changed its name to Marston’s PLC in January 2007.