Marston’s (LON:MARS) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Marston’s PLC (LON:MARS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 39.84 ($0.48) and traded as high as GBX 42.24 ($0.51). Marston’s shares last traded at GBX 42.20 ($0.51), with a volume of 1,001,166 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of Marston’s in a research report on Wednesday, December 4th.

Marston’s Trading Down 0.7 %

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 stock has a market capitalization of £267.94 million, a PE ratio of -1,408.33, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The business’s 50-day moving average is GBX 41.39 and its two-hundred day moving average is GBX 39.93.

Insider Transactions at Marston’s

In other Marston’s news, insider Hayleigh Lupino purchased 111,997 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of GBX 45 ($0.55) per share, for a total transaction of £50,398.65 ($61,319.69). Company insiders own 1.83% of the company’s stock.

Marston’s Company Profile

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.