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

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 ($0.54) 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 trading hands.

Wall Street Analysts Forecast Growth

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

Marston's Trading Up 0.6%

The company has a quick ratio of 0.23, a current ratio of 0.36 and a debt-to-equity ratio of 198.96. The business's fifty day moving average is GBX 40.92 and its 200-day moving average is GBX 39.89. The stock has a market capitalization of £269.13 million, a PE ratio of -15.68, a P/E/G ratio of -0.16 and a beta of 1.68.

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, analysts anticipate that Marston's PLC will post 8.364486 EPS for the current fiscal 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.