Manchester United Ltd. (NYSE:MANU - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.19 and traded as high as $17.65. Manchester United shares last traded at $16.98, with a volume of 423,812 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Manchester United from a "sell" rating to a "hold" rating in a report on Saturday, May 31st.
Get Our Latest Stock Analysis on Manchester United
Manchester United Stock Performance
The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 2.54. The firm has a 50-day simple moving average of $15.55 and a two-hundred day simple moving average of $15.18. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of -36.83 and a beta of 0.66.
Manchester United (NYSE:MANU - Get Free Report) last issued its earnings results on Friday, June 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.29. Manchester United had a negative return on equity of 22.40% and a negative net margin of 10.09%. The company had revenue of $203.10 million for the quarter, compared to analyst estimates of $159.13 million. During the same period in the prior year, the firm posted ($0.24) EPS. As a group, sell-side analysts forecast that Manchester United Ltd. will post -0.74 earnings per share for the current fiscal year.
Institutional Trading of Manchester United
Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in Manchester United by 129.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,109 shares of the company's stock valued at $37,000 after acquiring an additional 1,188 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Manchester United by 55.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock worth $37,000 after buying an additional 758 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in shares of Manchester United in the 1st quarter worth approximately $137,000. Entropy Technologies LP acquired a new stake in Manchester United during the 1st quarter valued at $142,000. Finally, Quantbot Technologies LP acquired a new stake in Manchester United during the 4th quarter valued at $156,000. Institutional investors own 23.34% of the company's stock.
About Manchester United
(
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Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
Further Reading
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