Manchester & London (LON:MNL) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Manchester & London (LON:MNL) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 743.35 ($9.36) and traded as high as GBX 758 ($9.54). Manchester & London shares last traded at GBX 753.65 ($9.49), with a volume of 16,677 shares.

Manchester & London Stock Performance

The stock has a market cap of £300.13 million, a price-to-earnings ratio of 2.51 and a beta of 0.42. The company has a 50 day moving average of GBX 743.35 and a 200-day moving average of GBX 707.95.

Insider Buying and Selling at Manchester & London

In other Manchester & London news, insider Daren John Morris bought 4,925 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of GBX 751 ($9.45) per share, with a total value of £36,986.75 ($46,553.49). 2.09% of the stock is owned by corporate insiders.

Manchester & London Company Profile

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.