Marston's (LON:MARS) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Marston's PLC stock has crossed above its 200-day moving average of GBX 39.94 ($0.53), trading as high as GBX 41.93 ($0.56).
• Shore Capital has reaffirmed a "buy" rating on Marston's shares, indicating positive sentiment in the market.
• The company reported a negative net margin of 1.91% and is expected to post an EPS of 8.36 for the current fiscal year.

Marston's PLC (LON:MARS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 39.94 ($0.54) and traded as high as GBX 41.93 ($0.56). Marston's shares last traded at GBX 41.75 ($0.56), with a volume of 1,404,861 shares changing hands.

Wall Street Analyst Weigh In

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

Marston's Price Performance

The company has a debt-to-equity ratio of 198.96, a current ratio of 0.36 and a quick ratio of 0.23. The firm has a market cap of £253.70 million, a price-to-earnings ratio of -14.78, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The stock's fifty day moving average price is GBX 42.13 and its 200-day moving average price is GBX 39.93.

Marston's (LON:MARS - Get Free Report) last posted 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 net margin of 1.91% and a negative return on equity of 2.72%. Equities research analysts predict that Marston's PLC will post 8.364486 EPS for the current fiscal 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.