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

Manchester & London (LON:MNL)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 731.58 ($9.00) and traded as high as GBX 780 ($9.60). Manchester & London shares last traded at GBX 750 ($9.23), with a volume of 31,199 shares.

Manchester & London Stock Down 1.2 %

The company has a market capitalization of £303.44 million, a price-to-earnings ratio of 251.39 and a beta of 0.42. The business has a fifty day simple moving average of GBX 731.58 and a two-hundred day simple moving average of GBX 711.13.

Insider Activity at Manchester & London

In other news, insider Daniel Wright purchased 1,009 shares of Manchester & London stock in a transaction on Tuesday, October 29th. The shares were purchased at an average cost of GBX 710 ($8.74) per share, for a total transaction of £7,163.90 ($8,814.94). 2.09% of the stock is owned by insiders.

About Manchester & London

Manchester & London Investment Trust plc is a close-ended fund launched and managed by M&L Capital Management Limited. The fund primarily invests in the public equity markets of the United Kingdom. It makes its investments across diversified sectors. The fund primarily invests in growth stocks of companies by employing a fundamental analysis.