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Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Down - Time to Sell?

Marks and Spencer Group logo with Retail/Wholesale background

Key Points

  • Marks and Spencer Group shares experienced a notable decline, opening at $8.74 after closing at $9.33, marking a decrease of 4.8%.
  • The stock was downgraded by Peel Hunt from a "strong-buy" to a "hold" rating, although it still maintains a consensus rating of "Buy" from other analysts.
  • Current financial ratios indicate potential liquidity concerns, with a current ratio of 0.87 and a quick ratio of 0.56, as the company navigates its retail operations across various segments.
  • Interested in Marks and Spencer Group? Here are five stocks we like better.

Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) shares gapped down before the market opened 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 cut Marks and Spencer Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

View Our Latest Report on Marks and Spencer Group

Marks and Spencer Group Stock Up 1.2%

The business has a fifty day moving average of $9.29 and a 200 day moving average of $9.68. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.88.

About Marks and Spencer Group

(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.

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