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Manchester & London (LON:MNL) Share Price Passes Above 50-Day Moving Average - Here's Why

Manchester & London logo with Financial Services background

Key Points

  • Manchester & London (LON:MNL) shares crossed above their fifty-day moving average of GBX 870.84 during trading, reaching a high of GBX 878.
  • The company's market capitalisation is £335.65 million, with a high PE ratio of 397.64 indicating a potentially high valuation.
  • Managed by M & L Capital Management, Manchester & London focuses on intellectual property-rich global equities, positioning itself in the evolving landscape of technology and investment.
  • Five stocks we like better than Manchester & London.

Manchester & London (LON:MNL - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 870.84 ($11.75) and traded as high as GBX 878 ($11.84). Manchester & London shares last traded at GBX 870 ($11.74), with a volume of 50,321 shares.

Manchester & London Stock Up 0.5%

The company has a market capitalization of £334.33 million, a P/E ratio of 397.98 and a beta of 0.42. The company's 50-day moving average is GBX 874.96 and its two-hundred day moving average is GBX 736.33.

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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