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

Marston’s PLC (LON:MARS)’s share price 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 changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MARS. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marston’s in a report on Wednesday, September 11th. Shore Capital restated a “buy” rating on shares of Marston’s in a report on Wednesday, December 4th.

Marston’s Stock Performance

The company has a market cap of £272.70 million, a price-to-earnings ratio of -1,433.33, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68. The business’s fifty day moving average price is GBX 40.81 and its 200 day moving average price is GBX 39.36. The company has a debt-to-equity ratio of 269.71, a current ratio of 0.15 and a quick ratio of 0.23.

Insider Buying and Selling

In other news, insider Hayleigh Lupino bought 45,736 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of GBX 43 ($0.54) per share, with a total value of £19,666.48 ($24,534.03). 1.83% of the stock is owned by corporate insiders.

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.