Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Up – Still a Buy?

Shares of Marks and Spencer Group PLC (OTCMKTS:MAKSY) gapped up before the market opened on Friday . The stock had previously closed at $10.8990, but opened at $11.32. Marks and Spencer Group shares last traded at $10.94, with a volume of 20,628 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Marks and Spencer Group from a “hold” rating to a “buy” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Marks and Spencer Group Stock Performance

The firm has a fifty day moving average of $9.68 and a 200-day moving average of $9.66. 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 company also recently announced a dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 1st were issued a dividend of $0.0315 per share. This represents a 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.