Manchester & London (LON:MNL) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of Manchester & London (LON:MNL) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 978.29 and traded as high as GBX 1,025. Manchester & London shares last traded at GBX 1,015, with a volume of 19,533 shares.

Manchester & London Price Performance

The company’s 50-day moving average is GBX 978.29 and its 200-day moving average is GBX 982.67. The firm has a market capitalization of £387.86 million, a price-to-earnings ratio of 5.48 and a beta of 0.80. The company has a debt-to-equity ratio of 14.79, a current ratio of 2.43 and a quick ratio of 2.81.

Manchester & London (LON:MNL) last issued its quarterly earnings results on Wednesday, September 23rd. The investment trust reported GBX (0.43) EPS for the quarter. Manchester & London had a return on equity of 12.26% and a net margin of 81.92%.

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. We are particularly interested in software as, once built, software’s marginal cost on each incremental sale is extremely low which makes its marginal profit extraordinarily high.