Manchester & London (LON:MNL – Get Free Report)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 731.58 ($8.93) and traded as high as GBX 780 ($9.52). Manchester & London shares last traded at GBX 750 ($9.16), with a volume of 31,199 shares changing hands.
Manchester & London Stock Performance
The business’s 50 day moving average price is GBX 734.36 and its 200-day moving average price is GBX 710.87. The company has a market cap of £304.76 million, a price-to-earnings ratio of 252.49 and a beta of 0.42.
Insider Buying and Selling
In other news, insider Daniel Wright bought 1,009 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was acquired at an average price of GBX 710 ($8.67) per share, for a total transaction of £7,163.90 ($8,747.13). Company insiders own 2.09% of the company’s stock.
About Manchester & London
Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.
Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine.
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