Marks and Spencer Group (OTCMKTS:MAKSY) Shares Gap Up – Should You Buy?

Marks and Spencer Group PLC (OTCMKTS:MAKSY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $10.51, but opened at $10.82. Marks and Spencer Group shares last traded at $10.78, with a volume of 951 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on MAKSY. Morgan Stanley initiated coverage on shares of Marks and Spencer Group in a report on Monday, May 18th. They issued an “overweight” rating on the stock. Sanford C. Bernstein raised Marks and Spencer Group to a “strong-buy” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Marks and Spencer Group Price Performance

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.54 and a current ratio of 0.86. The company has a 50 day moving average of $10.30 and a 200-day moving average of $9.91.

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.