Manchester & London (LON:MNL) Stock Price Down 0.8% – Here’s What Happened

Shares of Manchester & London (LON:MNL) dropped 0.8% on Wednesday . The company traded as low as GBX 718 ($9.06) and last traded at GBX 724 ($9.14). Approximately 60,970 shares were traded during trading, an increase of 1% from the average daily volume of 60,595 shares. The stock had previously closed at GBX 730 ($9.21).

Manchester & London Stock Down 1.1 %

The firm has a market capitalization of £289.52 million, a PE ratio of 239.87 and a beta of 0.42. The company has a 50-day moving average of GBX 716.78 and a 200 day moving average of GBX 711.81.

Manchester & London Announces Dividend

The company also recently declared a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd were given a dividend of GBX 7 ($0.09) per share. The ex-dividend date was Thursday, October 3rd. This represents a yield of 1.07%. Manchester & London’s payout ratio is 465.12%.

Insider Activity

In other Manchester & London news, insider Daniel Wright purchased 1,009 shares of the stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of GBX 710 ($8.96) per share, with a total value of £7,163.90 ($9,041.90). Corporate insiders own 2.09% of the company’s stock.

About Manchester & London

Manchester & London Investment Trust plc is a close-ended fund launched and managed by M&L Capital Management Limited. The fund primarily invests in the public equity markets of the United Kingdom. It makes its investments across diversified sectors. The fund primarily invests in growth stocks of companies by employing a fundamental analysis.