Marston’s (LON:MARS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Marston’s PLC (LON:MARS) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 39.36 ($0.49) and traded as high as GBX 43.50 ($0.54). Marston’s shares last traded at GBX 43.10 ($0.54), with a volume of 1,590,535 shares traded.

Wall Street Analysts Forecast Growth

MARS has been the topic of several recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Marston’s in a research note on Wednesday, September 11th. Shore Capital reissued a “buy” rating on shares of Marston’s in a research report on Wednesday, December 4th.

Marston’s Stock Performance

The company has a current ratio of 0.15, a quick ratio of 0.23 and a debt-to-equity ratio of 269.71. The business has a 50 day moving average of GBX 40.81 and a two-hundred day moving average of GBX 39.36. The firm has a market cap of £272.70 million, a P/E ratio of -1,433.33, a PEG ratio of -0.16 and a beta of 1.68.

Insider Activity

In other news, insider Hayleigh Lupino purchased 111,997 shares of Marston’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of GBX 45 ($0.56) per share, for a total transaction of £50,398.65 ($62,872.57). 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.