Manchester & London (LON:MNL) Stock Passes Above 50-Day Moving Average – Should You Sell?

Shares of Manchester & London (LON:MNL) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 731.58 ($8.93) and traded as high as GBX 780 ($9.52). Manchester & London shares last traded at GBX 750 ($9.16), with a volume of 31,199 shares changing hands.

Manchester & London Price Performance

The company has a fifty day moving average price of GBX 734.36 and a two-hundred day moving average price of GBX 710.87. The firm has a market cap of £304.76 million, a price-to-earnings ratio of 252.49 and a beta of 0.42.

Insider Buying and Selling at Manchester & London

In related news, insider Daniel Wright bought 1,009 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were bought at an average cost of GBX 710 ($8.67) per share, with a total value of £7,163.90 ($8,747.13). 2.09% of the stock is owned by corporate insiders.

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.