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

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY) saw unusually-high trading volume on Monday . Approximately 4,329,198 shares were traded during mid-day trading, an increase of 2,945% from the previous session’s volume of 142,184 shares.The stock last traded at $9.4375 and had previously closed at $9.18.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MAKSY. Citigroup upgraded shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Royal Bank Of Canada lowered Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Marks and Spencer Group Stock Performance

The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average price of $9.97 and a two-hundred day moving average price of $9.73.

Marks and Spencer Group Dividend Announcement

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

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.