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

Shares of Marston's PLC (LON:MARS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 39.89 ($0.54) and traded as high as GBX 43.50 ($0.59). Marston's shares last traded at GBX 42.50 ($0.58), with a volume of 1,338,829 shares traded.

Wall Street Analysts Forecast Growth

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

Marston's Trading Up 3.1%

The stock has a market cap of £276.52 million, a price-to-earnings ratio of -16.11, a P/E/G ratio of -0.16 and a beta of 1.68. The business's fifty day simple moving average is GBX 41.05 and its 200 day simple moving average is GBX 39.91. 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 (LON:MARS - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported GBX 2.20 ($0.03) EPS for the quarter. Marston's had a negative net margin of 1.91% and a negative return on equity of 2.72%. On average, research analysts predict 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.