Manchester & London (LON:MNL) Shares Pass Above 50-Day Moving Average - Time to Sell?

Key Points

• Technical breakout: Shares crossed above the 50-day moving average, trading as high as GBX 952 and last at GBX 951.92 (up ~0.4%) on volume of 47,299, suggesting short-term bullish momentum.
• Valuation and balance-sheet strength: The trust has a low P/E of 5.11, a market cap of £362 million, strong liquidity (current ratio 22.60, quick ratio 2.81) and modest leverage (debt-to-equity 0.49).
• Strategy and recent results: Managed by M & L Capital, the trust targets IP-rich, fast-growth software/"machine" companies; it reported a quarterly EPS of GBX (1.52) on March 18 while showing a high net margin (91.75%) and ROE of 18.18%.

Manchester & London (LON:MNL - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 821.45 and traded as high as GBX 952. Manchester & London shares last traded at GBX 951.92, with a volume of 47,299 shares traded.

Manchester & London Stock Up 0.4%

The business has a fifty day simple moving average of GBX 821.45 and a two-hundred day simple moving average of GBX 809.26. The company has a current ratio of 22.60, a quick ratio of 2.81 and a debt-to-equity ratio of 0.49. The company has a market cap of £362.00 million, a PE ratio of 5.11 and a beta of 0.85.

Manchester & London (LON:MNL - Get Free Report) last issued its earnings results on Wednesday, March 18th. The investment trust reported GBX (1.52) EPS for the quarter. Manchester & London had a net margin of 91.75% and a return on equity of 18.18%.

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.

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