Marks and Spencer Group (OTCMKTS:MAKSY) Stock Price Down 0.1% - Here's Why

Marks and Spencer Group PLC (OTCMKTS:MAKSY - Get Free Report) shares dropped 0.1% on Tuesday . The stock traded as low as $9.75 and last traded at $9.85. Approximately 52,157 shares traded hands during mid-day trading, an increase of 55% from the average daily volume of 33,752 shares. The stock had previously closed at $9.86.

Analysts Set New Price Targets

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

Marks and Spencer Group Price Performance

The business's fifty day simple moving average is $10.20 and its 200 day simple moving average is $9.59. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.88.

Marks and Spencer Group Increases Dividend

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

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.