Marks and Spencer Group (OTCMKTS:MAKSY) Sees Unusually-High Trading Volume – Still a Buy?

Marks and Spencer Group PLC (OTCMKTS:MAKSY) shares saw unusually-strong trading volume on Thursday . Approximately 911,029 shares changed hands during trading, an increase of 413% from the previous session’s volume of 177,565 shares.The stock last traded at $10.2150 and had previously closed at $10.34.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MAKSY shares. Berenberg Bank raised Marks and Spencer Group from a “hold” rating to a “buy” rating in a research report on Friday, January 9th. Royal Bank Of Canada cut shares of Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Marks and Spencer Group has a consensus rating of “Moderate Buy”.

Marks and Spencer Group Trading Down 0.6%

The business’s fifty day moving average is $9.11 and its 200 day moving average is $9.49. The company has a current ratio of 0.81, a quick ratio of 0.46 and a debt-to-equity ratio of 1.01.

Marks and Spencer Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 1st were given a dividend of $0.0315 per share. This represents a dividend yield of 118.0%. The ex-dividend date was Friday, November 28th.

About Marks and Spencer Group

Marks and Spencer Group plc (OTCMKTS: MAKSY), commonly known as M&S, is a leading British retailer operating a network of full-line stores, food halls and online channels. The company’s retail portfolio spans clothing and home products as well as premium grocery offerings. M&S is recognized for its emphasis on quality, innovation and ethical sourcing across its range of private-label apparel, homeware and prepared foods.

In the apparel and home division, M&S designs and markets women’s, men’s and children’s fashion under core brands such as Autograph, Per Una and Collection, alongside its own bedding, kitchenware and furnishings.