Marston's (LON:MARS) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Marston's PLC (LON:MARS) share price has moved above its 200-day moving average of GBX 39.40, suggesting a potential positive trend in the stock's performance.
• Shore Capital has reaffirmed a "buy" rating for Marston's, contributing to an overall average rating of "Buy" from analysts.
• The company's market capitalization is approximately £244.64 million, with a notable high price-to-earnings ratio of 771.00, indicating potential volatility in earnings relative to its share price.

Marston's PLC (LON:MARS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 39.40 ($0.53) and traded as high as GBX 39.90 ($0.54). Marston's shares last traded at GBX 38.55 ($0.52), with a volume of 2,441,055 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reiterated a "buy" rating on shares of Marston's in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Marston's currently has an average rating of "Buy".

Marston's Price Performance

The business's 50 day moving average price is GBX 40.19 and its 200 day moving average price is GBX 39.36. The stock has a market capitalization of £238.61 million, a P/E ratio of 752.00, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The company has a debt-to-equity ratio of 198.96, a current ratio of 0.36 and a quick ratio of 0.23.

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.