Marks and Spencer Group (LON:MKS) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Shares of Marks and Spencer Group plc (LON:MKS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 365.24 ($4.95) and traded as high as GBX 380.30 ($5.15). Marks and Spencer Group shares last traded at GBX 380.30 ($5.15), with a volume of 7,768,996 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "house stock" rating on shares of Marks and Spencer Group in a research report on Wednesday, May 21st.

Marks and Spencer Group Trading Down 2.1%

The stock has a market cap of £7.36 billion, a PE ratio of 14.58, a PEG ratio of 0.20 and a beta of 1.62. The business has a 50-day moving average of GBX 375.09 and a 200 day moving average of GBX 365.28. The company has a debt-to-equity ratio of 95.00, a quick ratio of 0.42 and a current ratio of 0.82.

Marks and Spencer Group (LON:MKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The retailer reported GBX 31.90 ($0.43) EPS for the quarter. Marks and Spencer Group had a return on equity of 17.23% and a net margin of 3.77%. Equities research analysts predict that Marks and Spencer Group plc will post 26.0113154 EPS for the current fiscal year.

Marks and Spencer Group Company Profile

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.