Marston’s (LON:MARS) Stock Passes Above 200-Day Moving Average of $33.16

Marston’s PLC (LON:MARS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 33.16 ($0.44) and traded as high as GBX 40.05 ($0.53). Marston’s shares last traded at GBX 37.50 ($0.49), with a volume of 590,992 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of Marston’s in a research note on Wednesday, July 24th.

Marston’s Stock Down 1.2 %

The company has a quick ratio of 0.23, a current ratio of 0.15 and a debt-to-equity ratio of 269.71. The company has a market cap of £234.65 million, a PE ratio of -1,233.33, a PEG ratio of -0.16 and a beta of 1.63. The company’s fifty day moving average is GBX 38.10 and its 200-day moving average is GBX 33.19.

Insider Transactions at Marston’s

In other news, insider Ken Lever bought 280,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were acquired at an average cost of GBX 38 ($0.50) per share, with a total value of £106,400 ($139,907.96). 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.