Marks and Spencer Group (OTCMKTS:MAKSY) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Marks and Spencer Group plc (OTCMKTS:MAKSY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.84 and traded as low as $9.19. Marks and Spencer Group shares last traded at $9.61, with a volume of 16,078 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays raised shares of Marks and Spencer Group to a “strong-buy” rating in a research report on Monday, September 16th. UBS Group upgraded shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 23rd.

Marks and Spencer Group Trading Up 0.9 %

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.55 and a current ratio of 0.86. The company has a 50-day simple moving average of $9.84 and a two-hundred day simple moving average of $9.06.

Marks and Spencer Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 17th. Investors of record on Friday, November 29th will be issued a dividend of $0.0258 per share. The ex-dividend date is Friday, November 29th.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move' products.