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

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY) gapped down prior to trading on Wednesday . The stock had previously closed at $10.00, but opened at $9.62. Marks and Spencer Group shares last traded at $9.66, with a volume of 15,761 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MAKSY shares. Sanford C. Bernstein raised Marks and Spencer Group to a “strong-buy” rating in a report on Thursday, May 14th. Morgan Stanley started coverage on Marks and Spencer Group in a report on Monday, May 18th. They issued an “overweight” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Marks and Spencer Group Price Performance

The company has a current ratio of 0.81, a quick ratio of 0.46 and a debt-to-equity ratio of 1.01. The firm’s 50-day moving average price is $9.38 and its 200 day moving average price is $9.55.

Marks and Spencer Group Company Profile

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.