Manchester United plc (NYSE:MANU - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $14.54, but opened at $13.71. Manchester United shares last traded at $13.48, with a volume of 216,361 shares trading hands.
Manchester United Stock Up 3.3%
The company has a quick ratio of 0.35, a current ratio of 0.41 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $2.35 billion, a P/E ratio of -13.63 and a beta of 0.59. The business has a 50-day simple moving average of $13.73 and a two-hundred day simple moving average of $15.30.
Hedge Funds Weigh In On Manchester United
Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Manchester United by 129.0% during the fourth 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 during the period. Tower Research Capital LLC TRC lifted its stake in shares of Manchester United by 55.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company's stock valued at $37,000 after acquiring an additional 758 shares during the period. Blue Trust Inc. lifted its stake in shares of Manchester United by 127.7% during the fourth quarter. Blue Trust Inc. now owns 3,358 shares of the company's stock valued at $58,000 after acquiring an additional 1,883 shares during the period. R Squared Ltd acquired a new position in shares of Manchester United during the fourth quarter valued at $130,000. Finally, Simon Quick Advisors LLC acquired a new position in shares of Manchester United during the first quarter valued at $137,000. Institutional investors and hedge funds own 23.34% of the company's stock.
About Manchester United
(
Get Free Report)
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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