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Marks and Spencer Group (OTCMKTS:MAKSY) Sees Strong Trading Volume - Here's Why

Marks and Spencer Group logo with Retail/Wholesale background

Key Points

  • Marks and Spencer Group shares experienced a significant increase in trading volume, with approximately 128,767 shares traded, up 13% from the previous session.
  • Citigroup upgraded the company's rating from "hold" to a "strong-buy," reflecting positive analyst sentiment around the stock, which currently holds an average rating of "Buy."
  • The stock closed at $10.05, showing an upward movement from its previous close of $9.91, indicating a potential rising trend in the market.
  • Five stocks we like better than Marks and Spencer Group.

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 128,767 shares changed hands during trading, an increase of 13% from the previous session's volume of 114,004 shares.The stock last traded at $10.05 and had previously closed at $9.91.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Marks and Spencer Group from a "hold" rating to a "strong-buy" rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Marks and Spencer Group has an average rating of "Buy".

Read Our Latest Stock Report on MAKSY

Marks and Spencer Group Trading Up 1.6%

The business's fifty day moving average price is $9.40 and its two-hundred day moving average price is $9.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.87 and a quick ratio of 0.56.

Marks and Spencer Group Company Profile

(Get Free Report)

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.

Further Reading

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