Manx Financial Group (LON:MFX) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Manx Financial Group PLC (LON:MFX) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 25.09 and traded as low as GBX 23.10. Manx Financial Group shares last traded at GBX 23.12, with a volume of 1,741 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Manx Financial Group in a research note on Monday, May 18th.

Manx Financial Group Trading Up 2.5%

The company has a current ratio of 0.50, a quick ratio of 1.02 and a debt-to-equity ratio of 126.50. The company has a market capitalization of £30.32 million, a P/E ratio of 5.80 and a beta of 0.69. The business has a 50 day moving average price of GBX 25.24 and a 200 day moving average price of GBX 25.07.

Manx Financial Group (LON:MFX) last released its quarterly earnings data on Monday, May 18th. The company reported GBX 5.33 earnings per share for the quarter. The business had revenue of GBX 3,734 million for the quarter. Manx Financial Group had a net margin of 9.73% and a return on equity of 15.08%.

About Manx Financial Group

Manx Financial Group PLC (MFG) is an AIM-quoted company (LSE: MFX.L) with subsidiaries offering a suite of financial services to retail and commercial customers, both in the Isle of Man and the UK. MFG’s strategy is to combine organic growth with strategic acquisition to further augment the range of services it offers and to gain greater market share in its preferred markets.