Marston’s (LON:MARS) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Marston’s PLC (LON:MARS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 40.76 ($0.51) and traded as high as GBX 43.15 ($0.55). Marston’s shares last traded at GBX 42.15 ($0.53), with a volume of 571,875 shares traded.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of Marston’s in a research report on Tuesday, January 21st.

Marston’s Price Performance

The business has a 50-day simple moving average of GBX 41.99 and a 200 day simple moving average of GBX 40.76. The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 198.96. The stock has a market cap of £265.35 million, a P/E ratio of -15.46, a price-to-earnings-growth ratio of -0.16 and a beta of 1.68.

Marston’s (LON:MARS) last posted its earnings results on Tuesday, December 3rd. The company reported GBX 5.20 ($0.07) earnings per share for the quarter. Marston’s had a negative return on equity of 2.72% and a negative net margin of 1.91%. On average, analysts forecast that Marston’s PLC will post 8.364486 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Hayleigh Lupino purchased 111,997 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of GBX 45 ($0.57) per share, with a total value of £50,398.65 ($63,674.86). Company insiders own 1.83% of the company’s stock.

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.