Manchester & London (LON:MNL) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Manchester & London (LON:MNL)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 783.84 and traded as high as GBX 830. Manchester & London shares last traded at GBX 820, with a volume of 36,479 shares changing hands.

Manchester & London Trading Up 4.1%

The firm has a market cap of £324.63 million, a price-to-earnings ratio of 3.34 and a beta of 0.42. The company’s 50-day moving average is GBX 783.84 and its 200-day moving average is GBX 826.79.

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. We are particularly interested in software as, once built, software’s marginal cost on each incremental sale is extremely low which makes its marginal profit extraordinarily high.