Manchester & London (LON:MNL) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Manchester & London (LON:MNL) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 707.95 ($8.91) and traded as high as GBX 758 ($9.54). Manchester & London shares last traded at GBX 753.65 ($9.49), with a volume of 16,677 shares traded.

Manchester & London Stock Performance

The stock has a market capitalization of £300.13 million, a P/E ratio of 2.51 and a beta of 0.42. The stock’s fifty day simple moving average is GBX 743.35 and its two-hundred day simple moving average is GBX 707.95.

Insiders Place Their Bets

In other Manchester & London news, insider Daren John Morris bought 4,925 shares of Manchester & London stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of GBX 751 ($9.45) per share, with a total value of £36,986.75 ($46,553.49). Insiders own 2.09% of the company’s stock.

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.