Marks and Spencer Group (OTCMKTS:MAKSY) Stock Price Down 4% - Here's Why

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) dropped 4% during trading on Wednesday . The stock traded as low as $9.51 and last traded at $9.51. Approximately 1,001 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 73,736 shares. The stock had previously closed at $9.90.

Analysts Set New Price Targets

Separately, Peel Hunt lowered shares of Marks and Spencer Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

Marks and Spencer Group Trading Up 1.5%

The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88. The company's fifty day simple moving average is $10.09 and its 200-day simple moving average is $9.58.

Marks and Spencer Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 3rd will be given a $0.0698 dividend. This represents a dividend yield of 0.91%. This is a positive change from Marks and Spencer Group's previous dividend of $0.03. The ex-dividend date of this dividend is Monday, June 2nd.

Marks and Spencer Group Company Profile

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.