Marston’s (LON:MARS) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Marston’s PLC (LON:MARS) crossed 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 traded.

Wall Street Analyst Weigh In

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

Marston’s Stock Performance

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 firm 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 firm’s 50 day moving average price is GBX 41.39 and its 200-day moving average price is GBX 39.93.

Insiders Place Their Bets

In related news, insider Hayleigh Lupino acquired 45,736 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of GBX 43 ($0.52) per share, with a total value of £19,666.48 ($23,928.07). 1.83% of the stock is currently owned by company insiders.

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.