Marston's (LON:MARS) Shares Pass Above 200 Day Moving Average - Here's What Happened

Marston's PLC (LON:MARS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 39.89 ($0.53) and traded as high as GBX 44.90 ($0.60). Marston's shares last traded at GBX 43 ($0.57), with a volume of 1,377,812 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of Marston's in a research note on Tuesday, July 22nd.

Marston's Trading Down 2.5%

The company has a market cap of £263.15 million, a price-to-earnings ratio of -15.33, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The firm has a 50-day moving average price of GBX 42.08 and a 200 day moving average price of GBX 39.93. 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 released its quarterly earnings data on Tuesday, May 13th. The company reported GBX 2.20 ($0.03) earnings per share (EPS) for the quarter. Marston's had a negative return on equity of 2.72% and a negative net margin of 1.91%. As a group, sell-side analysts forecast that Marston's PLC will post 8.364486 EPS for the current year.

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.