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

Shares of Marston’s PLC (LON:MARS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 39.36 ($0.48) and traded as high as GBX 43.50 ($0.54). Marston’s shares last traded at GBX 43.10 ($0.53), with a volume of 1,590,535 shares trading hands.

Analysts Set New Price Targets

A number of analysts have issued reports on MARS shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marston’s in a research note on Wednesday, September 11th. Shore Capital reiterated a “buy” rating on shares of Marston’s in a report on Wednesday, December 4th.

Marston’s Stock Performance

The business has a fifty day moving average price of GBX 40.89 and a two-hundred day moving average price of GBX 39.52. 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 firm has a market capitalization of £266.36 million, a PE ratio of -1,400.00, a PEG ratio of -0.16 and a beta of 1.68.

Insider Buying and Selling

In related news, insider Hayleigh Lupino acquired 111,997 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of GBX 45 ($0.55) per share, for a total transaction of £50,398.65 ($62,013.84). 1.83% of the stock is currently owned by corporate 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.