Marston’s (LON:MARS) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Marston’s PLC (LON:MARS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 36.41 ($0.47) and traded as high as GBX 40.90 ($0.53). Marston’s shares last traded at GBX 38.45 ($0.50), with a volume of 2,116,412 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of Marston’s in a research note on Wednesday, October 16th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marston’s in a research report on Wednesday, September 11th.

Marston’s Stock Performance

The company has a market cap of £243.53 million, a price-to-earnings ratio of -1,280.00, a PEG ratio of -0.16 and a beta of 1.68. The firm’s 50 day simple moving average is GBX 40.41 and its 200-day simple moving average is GBX 36.50. The company has a debt-to-equity ratio of 269.71, a quick ratio of 0.23 and a current ratio of 0.15.

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.