Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Up - What's Next?

Key Points

• Marks and Spencer Group's shares experienced a gap up, rising from a closing price of $9.38 to an opening of $9.77, with the last trade at $9.79.
• Wall Street analysts show a mixed outlook, with Citigroup raising the stock's rating to a "strong-buy" while Peel Hunt downgraded it to a "hold," contributing to an average rating of "Buy."
• The company maintains a debt-to-equity ratio of 0.88, with quick and current ratios of 0.56 and 0.87 respectively, indicating financial stability.

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $9.38, but opened at $9.77. Marks and Spencer Group shares last traded at $9.79, with a volume of 466 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of Marks and Spencer Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Marks and Spencer Group presently has an average rating of "Buy".

Marks and Spencer Group Stock Down 1.9%

The firm's fifty day simple moving average is $9.30 and its 200 day simple moving average is $9.70. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88.

About Marks and Spencer Group

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.