Manchester United (NYSE:MANU) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Manchester United shares have crossed above their 200-day moving average, indicating a potential positive trend in the stock's performance.
• Analysts have upgraded their rating from "sell" to "hold" with a consensus price target of $23.00, suggesting a potential for future growth.
• The company's Q3 earnings report showed a revenue of $219.20 million, surpassing estimates, but it still reported a negative EPS of ($0.04).

Manchester United Ltd. (NYSE:MANU - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.61 and traded as high as $15.86. Manchester United shares last traded at $15.37, with a volume of 585,438 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Manchester United from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $23.00.

Manchester United Trading Down 0.1%

The company has a debt-to-equity ratio of 2.44, a current ratio of 0.38 and a quick ratio of 0.36. The business's fifty day simple moving average is $17.11 and its 200 day simple moving average is $15.65. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -60.82 and a beta of 0.69.

Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 17th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. Manchester United had a negative net margin of 4.92% and a negative return on equity of 9.58%. The company had revenue of $219.20 million for the quarter, compared to the consensus estimate of $166.63 million. Manchester United has set its FY 2026 guidance at EPS. On average, research analysts predict that Manchester United Ltd. will post -0.74 EPS for the current year.

Institutional Investors Weigh In On Manchester United

A number of hedge funds have recently added to or reduced their stakes in MANU. Orion Porfolio Solutions LLC acquired a new stake in shares of Manchester United in the 2nd quarter worth about $179,000. Squarepoint Ops LLC increased its stake in shares of Manchester United by 52.8% in the second quarter. Squarepoint Ops LLC now owns 36,259 shares of the company's stock valued at $646,000 after purchasing an additional 12,529 shares during the period. State of Wyoming raised its holdings in shares of Manchester United by 28.9% during the second quarter. State of Wyoming now owns 25,667 shares of the company's stock valued at $457,000 after buying an additional 5,752 shares during the last quarter. Harvey Partners LLC boosted its position in shares of Manchester United by 0.7% during the second quarter. Harvey Partners LLC now owns 951,698 shares of the company's stock worth $16,950,000 after buying an additional 6,698 shares during the period. Finally, Bank of America Corp DE grew its holdings in Manchester United by 10.9% in the 2nd quarter. Bank of America Corp DE now owns 132,433 shares of the company's stock worth $2,359,000 after buying an additional 13,009 shares in the last quarter. 23.34% of the stock is currently owned by institutional investors.

Manchester United Company Profile

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.