Manchester & London (LON:MNL) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Manchester & London (LON:MNLGet Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 859.04 and traded as low as GBX 823.80. Manchester & London shares last traded at GBX 840, with a volume of 43,022 shares trading hands.

Manchester & London Trading Down 4.8%

The firm has a market capitalization of £304.20 million, a PE ratio of 3.13 and a beta of 0.42. The firm has a 50 day simple moving average of GBX 857.40 and a 200 day simple moving average of GBX 809.99.

Manchester & London (LON:MNLGet Free Report) last announced its quarterly earnings results on Monday, September 29th. The investment trust reported GBX (1.54) earnings per share (EPS) for the quarter. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Manchester & London Company Profile

(Get Free Report)

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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