Manchester United (NYSE:MANU) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Manchester United Ltd. shares have surpassed their 200-day moving average, reaching a high of $17.98 before closing at $17.74, indicating positive momentum in the stock price.
• Analysts from Wall Street Zen upgraded Manchester United's rating from "sell" to "hold", suggesting a more favorable outlook for the stock.
• In their latest earnings report, Manchester United reported a loss of ($0.04) EPS, significantly beating expectations, with revenues of $203.10 million compared to forecasts of $159.13 million.

Shares of Manchester United Ltd. (NYSE:MANU - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.30 and traded as high as $17.98. Manchester United shares last traded at $17.74, with a volume of 114,472 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Manchester United from a "sell" rating to a "hold" rating in a report on Saturday, May 31st.

Manchester United Price Performance

The stock has a fifty day simple moving average of $17.36 and a two-hundred day simple moving average of $15.36. The company has a market cap of $2.96 billion, a PE ratio of -35.71 and a beta of 0.71. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 2.54.

Manchester United (NYSE:MANU - Get Free Report) last posted its quarterly earnings results on Friday, June 6th. The company reported ($0.04) earnings per share (EPS) 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 the consensus estimate of $159.13 million. During the same period last year, the firm earned ($0.24) EPS. On average, equities analysts predict that Manchester United Ltd. will post -0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Manchester United

A number of hedge funds and other institutional investors have recently modified their holdings of MANU. Tower Research Capital LLC TRC raised its holdings in Manchester United by 55.2% in the 4th 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 last quarter. Simon Quick Advisors LLC purchased a new stake in Manchester United during the 1st quarter worth $137,000. Entropy Technologies LP purchased a new stake in Manchester United during the 1st quarter worth $142,000. National Bank of Canada FI boosted its position 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. Finally, Point72 Asset Management L.P. purchased a new position in Manchester United in the fourth quarter valued at about $177,000. 23.34% of the stock is currently owned by institutional investors and hedge funds.

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.