Manchester United Ltd. (NYSE:MANU - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.21 and traded as high as $17.90. Manchester United shares last traded at $17.66, with a volume of 248,001 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Manchester United from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st.
View Our Latest Report on MANU
Manchester United Stock Down 0.5%
The company's 50 day moving average price is $16.26 and its 200 day moving average price is $15.23. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of -36.05 and a beta of 0.66.
Manchester United (NYSE:MANU - Get Free Report) last released its quarterly earnings data on Friday, June 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.29. Manchester United had a negative net margin of 10.09% and a negative return on equity of 22.40%. The company had revenue of $203.10 million during the quarter, compared to analysts' expectations of $159.13 million. During the same quarter in the previous year, the company earned ($0.24) earnings per share. As a group, research analysts forecast that Manchester United Ltd. will post -0.74 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Manchester United
A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 1,188 shares during the last quarter. Quantbot Technologies LP acquired a new position in Manchester United during the 4th quarter worth approximately $156,000. Fox Run Management L.L.C. acquired a new position in shares of Manchester United in the 4th quarter valued at $302,000. JPMorgan Chase & Co. boosted its holdings in shares of Manchester United by 104.1% in the 4th quarter. JPMorgan Chase & Co. now owns 121,121 shares of the company's stock valued at $2,101,000 after buying an additional 61,786 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Manchester United by 213.1% during the 4th quarter. National Bank of Canada FI now owns 9,686 shares of the company's stock worth $168,000 after purchasing an additional 6,592 shares during the period. 23.34% of the stock is currently owned by institutional investors and hedge funds.
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.
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