Marston's (LON:MARS) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Marston's PLC's stock price has risen above its 200-day moving average, marking a trading high of GBX 40.50 ($0.55).
• Shore Capital has maintained a "buy" rating for Marston's shares, indicating positive outlook from analysts.
• The company reported a negative net margin of 1.91% and a negative return on equity of 2.72%, showcasing current financial challenges.

Marston's PLC (LON:MARS - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 39.94 ($0.54) and traded as high as GBX 40.50 ($0.55). Marston's shares last traded at GBX 39.50 ($0.53), with a volume of 1,431,121 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "buy" rating on shares of Marston's in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Marston's has an average rating of "Buy".

Marston's Price Performance

The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96. The firm has a market capitalization of £248.98 million, a price-to-earnings ratio of -14.50, a P/E/G ratio of -0.16 and a beta of 1.68. The company's 50 day moving average is GBX 41.98 and its 200-day moving average is GBX 39.91.

Marston's Company Profile

Marston's PLC operates managed, franchised, tenanted, partnership, and leased pubs in the United Kingdom. It is also involved in the property management; telecommunications; and insurance businesses. The company was formerly known as The Wolverhampton & Dudley Breweries PLC and changed its name to Marston's PLC in January 2007.