Man Group (OTCMKTS:MNGPF) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Man Group Plc (OTCMKTS:MNGPF) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.71 and traded as low as $3.49. Man Group shares last traded at $3.49, with a volume of 217 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on MNGPF shares. Citigroup reaffirmed a “neutral” rating on shares of Man Group in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Man Group in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Man Group Stock Performance

The business has a 50 day simple moving average of $3.71 and a 200-day simple moving average of $3.32.

About Man Group

Man Group is a global alternative investment manager that specializes in a wide range of hedge fund and quantitative strategies. Headquartered in London, the firm serves institutional, intermediary and private investors worldwide, offering bespoke asset management solutions designed to address diverse market conditions and client objectives. With a focus on risk-adjusted returns and systematic research, Man Group employs a combination of quantitative models, fundamental analysis and proprietary technology to identify investment opportunities across multiple asset classes.

The company’s flagship investment platforms include Man AHL, which develops and deploys systematic, data-driven trading strategies; Man GLG, a discretionary business driven by fundamental research and thematic macro insights; and Man Numeric, which applies statistical techniques to emerging markets and thematic investing.