Marston’s (LON:MARS) Stock Price Crosses Above 200-Day Moving Average of $33.62

Marston’s PLC (LON:MARS)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 33.62 ($0.44) and traded as high as GBX 37.90 ($0.50). Marston’s shares last traded at GBX 37.55 ($0.50), with a volume of 490,293 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Marston’s in a research report on Wednesday, September 11th. Shore Capital reaffirmed a “buy” rating on shares of Marston’s in a research report on Wednesday, July 24th.

Marston’s Stock Performance

The company has a market cap of £244.16 million, a P/E ratio of -1,293.33, a P/E/G ratio of -0.16 and a beta of 1.68. The firm has a 50 day moving average price of GBX 39.03 and a 200-day moving average price of GBX 33.65. The company has a debt-to-equity ratio of 269.71, a quick ratio of 0.23 and a current ratio of 0.15.

Insider Transactions at Marston’s

In other Marston’s news, insider Ken Lever bought 280,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average price of GBX 38 ($0.50) per share, for a total transaction of £106,400 ($140,554.82). 1.83% of the stock is currently 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.