Marston's (LON:MARS) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Marston's PLC (LON:MARS - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 39.90 ($0.54) and traded as high as GBX 45 ($0.60). Marston's shares last traded at GBX 43.70 ($0.59), with a volume of 577,625 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "buy" rating on shares of Marston's in a report on Tuesday, July 1st.

Marston's Stock Performance

The company's 50-day moving average price is GBX 41.71 and its two-hundred day moving average price is GBX 39.84. The company has a market cap of £276.37 million, a P/E ratio of -16.10, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96.

Marston's (LON:MARS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported GBX 2.20 ($0.03) earnings per share (EPS) for the quarter. Marston's had a negative net margin of 1.91% and a negative return on equity of 2.72%. As a group, equities analysts forecast that Marston's PLC will post 8.364486 earnings per share for the current year.

About Marston's

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.