Manchester & London (LON:MNL) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Manchester & London (LON:MNL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 708.83 ($9.17) and traded as low as GBX 626.88 ($8.11). Manchester & London shares last traded at GBX 626.88 ($8.11), with a volume of 16,932 shares traded.

Manchester & London Price Performance

The company has a market cap of £249.65 million, a P/E ratio of 2.09 and a beta of 0.42. The company has a 50 day moving average of GBX 708.96 and a 200-day moving average of GBX 708.83.

Manchester & London (LON:MNL) last issued its quarterly earnings data on Wednesday, March 19th. The investment trust reported GBX (0.83) (($0.01)) EPS for the quarter. Manchester & London had a return on equity of 39.92% and a net margin of 95.89%.

Manchester & London Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 10th will be issued a GBX 14 ($0.18) dividend. This is a positive change from Manchester & London’s previous dividend of $7.00. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 2.06%. Manchester & London’s dividend payout ratio is presently 4.66%.

Insider Activity

In other news, insider Daren John Morris acquired 4,925 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of GBX 751 ($9.72) per share, for a total transaction of £36,986.75 ($47,873.09). Corporate insiders own 2.09% of the company’s stock.

About Manchester & London

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.