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Manchester & London (LON:MNL) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

Manchester & London logo with Financial Services background

Key Points

  • Manchester & London (LON:MNL)'s share price has crossed above its 50-day moving average, reaching a high of GBX 954.38 ($12.61) during trading on Thursday.
  • The company's current share price is GBX 930 ($12.29), with a market capitalization of £365.08 million and a P/E ratio of 3.05.
  • Manchester & London Investment Trust is managed by M & L Capital Management Limited and focuses on global equities with an emphasis on intellectual property-rich, fast-growth sectors.
  • Want stock alerts on Manchester & London? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Manchester & London (LON:MNL - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 787.99 ($10.47) and traded as high as GBX 954.38 ($12.68). Manchester & London shares last traded at GBX 930 ($12.36), with a volume of 106,370 shares changing hands.

Manchester & London Stock Performance

The company has a market cap of £364.91 million, a PE ratio of 3.05 and a beta of 0.42. The company's 50-day simple moving average is GBX 800.39 and its 200 day simple moving average is GBX 711.26.

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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