Manchester & London (LON:MNL) Announces Quarterly Earnings Results

Manchester & London (LON:MNL) announced its earnings results on Wednesday. The investment trust reported GBX (0.83) (($0.01)) EPS for the quarter, Digital Look Earnings reports. Manchester & London had a return on equity of 39.92% and a net margin of 95.89%.

Manchester & London Stock Performance

LON:MNL opened at GBX 665.20 ($8.65) on Thursday. The company has a market capitalization of £264.91 million, a PE ratio of 2.21 and a beta of 0.42. Manchester & London has a fifty-two week low of GBX 572 ($7.44) and a fifty-two week high of GBX 850 ($11.06). The company has a 50 day simple moving average of GBX 723.24 and a two-hundred day simple moving average of GBX 708.51.

Insiders Place Their Bets

In other news, insider Daren John Morris bought 4,925 shares of the stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of GBX 751 ($9.77) per share, for a total transaction of £36,986.75 ($48,115.98). Company insiders own 2.09% of the company’s stock.

Manchester & London Company Profile

Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.

Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine.