Manchester & London (LON:MNL) Stock Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Manchester & London shares dipped below their 50-day moving average of GBX 884.44, trading at GBX 850 ($11.39) with a volume of 20,944 shares.
• The company reported a quarterly earnings loss of GBX (1.54) and has a high P/E ratio of 336.64, indicating potential concerns regarding valuation.
• Managed by M & L Capital Management, the firm focuses on Intellectual Property-rich, fast growth Global Equities.

Manchester & London (LON:MNL - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 884.44 ($11.85) and traded as low as GBX 850 ($11.39). Manchester & London shares last traded at GBX 850 ($11.39), with a volume of 20,944 shares changing hands.

Manchester & London Trading Up 1.3%

The firm has a market cap of £327.38 million, a P/E ratio of 336.64 and a beta of 0.42. The business has a 50-day moving average of GBX 884.44 and a two-hundred day moving average of GBX 765.61.

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

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.

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