Marks and Spencer Group (OTCMKTS:MAKSY) Sees Unusually-High Trading Volume – What’s Next?

Marks and Spencer Group PLC (OTCMKTS:MAKSY) shares saw unusually-high trading volume on Monday . Approximately 291,534 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 165,050 shares.The stock last traded at $8.67 and had previously closed at $8.66.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MAKSY shares. Citigroup raised shares of Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Royal Bank Of Canada cut 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 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 Up 0.3%

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 fifty day simple moving average of $9.37 and a 200-day simple moving average of $9.52.

Marks and Spencer Group Dividend Announcement

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

Marks and Spencer Group Company Profile

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.