Manchester United (NYSE:MANU) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Manchester United shares rose above their 200-day moving average, trading as high as $24.09 and last changing hands at $23.73, compared with a 200-day average of $19.82.
• Analyst sentiment remains negative: one firm maintained a Sell-related rating and another upgraded the stock to Hold, leaving MANU with a consensus “Sell” rating.
• The company beat quarterly expectations with $0.04 in EPS versus a projected $0.06 loss and revenue of $250.96 million, but it continues to report a negative net margin and high leverage, including a debt-to-equity ratio of 2.73.

Shares of Manchester United Ltd. (NYSE:MANU - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.82 and traded as high as $24.09. Manchester United shares last traded at $23.73, with a volume of 254,414 shares trading hands.

Analyst Upgrades and Downgrades

MANU has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Manchester United from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, June 15th. Wall Street Zen upgraded shares of Manchester United from a "sell" rating to a "hold" rating in a research report on Sunday, May 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

Manchester United Stock Down 1.2%

The firm has a fifty day simple moving average of $22.61 and a 200 day simple moving average of $19.82. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.35 and a current ratio of 0.37. The company has a market cap of $4.09 billion, a PE ratio of -169.49 and a beta of 0.59.

Manchester United (NYSE:MANU - Get Free Report) last released its earnings results on Wednesday, May 27th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.10. Manchester United had a negative net margin of 2.67% and a positive return on equity of 0.64%. The business had revenue of $250.96 million for the quarter, compared to analysts' expectations of $220.94 million.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Manchester United during the second quarter valued at about $29,000. Quarry LP purchased a new stake in shares of Manchester United during the 4th quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of Manchester United by 70.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,611 shares of the company's stock worth $44,000 after purchasing an additional 1,076 shares during the period. Garner Asset Management Corp acquired a new stake in Manchester United during the 4th quarter worth approximately $97,000. Finally, Quantbot Technologies LP raised its holdings in Manchester United by 105.3% in the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company's stock valued at $114,000 after buying an additional 3,273 shares during the period. 23.34% of the stock is owned by hedge funds and other institutional investors.

Manchester United Company Profile

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company's core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange NYSE: MANU, Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company's revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.

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