Marston’s (LON:MARS) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Marston’s PLC (LON:MARS) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 35.93 ($0.47) and traded as high as GBX 41.95 ($0.54). Marston’s shares last traded at GBX 41.50 ($0.54), with a volume of 1,302,939 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MARS shares. Shore Capital restated a “buy” rating on shares of Marston’s in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marston’s in a research report on Wednesday, September 11th.

Marston’s Trading Down 0.1 %

The company has a debt-to-equity ratio of 269.71, a quick ratio of 0.23 and a current ratio of 0.15. The company has a 50-day simple moving average of GBX 40.70 and a 200 day simple moving average of GBX 36.06. The company has a market capitalization of £263.50 million, a P/E ratio of -1,385.00, a P/E/G ratio of -0.16 and a beta of 1.68.

About Marston’s

Marston’s PLC operates managed, franchised, tenanted, partnership, and leased pubs in the United Kingdom. It is also involved in the property management; telecommunications; and insurance businesses. The company was formerly known as The Wolverhampton & Dudley Breweries PLC and changed its name to Marston’s PLC in January 2007.