Marston's (LON:MARS) Share Price Crosses Above 200-Day Moving Average - What's Next?

Shares of Marston's PLC (LON:MARS - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 ($0.57), with a volume of 1,338,829 shares changing hands.

Wall Street Analysts Forecast Growth

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

Marston's Stock Down 1.3%

The business's 50 day simple moving average is GBX 41.31 and its 200 day simple moving average is GBX 39.87. 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 company has a market capitalization of £272.90 million, a PE ratio of -15.90, a price-to-earnings-growth 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 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.