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

Manchester & London logo with Financial Services background

Key Points

  • Manchester & London (LON:MNL) stock price has crossed above its 50-day moving average of GBX 814.82, reaching a high of GBX 926.63 during recent trading.
  • The company has a market capitalization of £366.38 million and a low PE ratio of 3.06, indicating potentially undervalued stock.
  • Manchester & London Investment Trust is managed by M & L Capital Management, focusing on intellectual property-rich and fast-growth global equities.
  • Looking to export and analyze Manchester & London data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Manchester & London (LON:MNL - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 814.82 ($10.94) and traded as high as GBX 926.63 ($12.45). Manchester & London shares last traded at GBX 920 ($12.36), with a volume of 68,866 shares trading hands.

Manchester & London Stock Performance

The company has a market capitalization of £364.78 million, a price-to-earnings ratio of 3.05 and a beta of 0.42. The business's 50-day simple moving average is GBX 818.54 and its 200-day simple moving average is GBX 715.24.

About Manchester & London

(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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