Manchester & London (LON:MNL) Announces Earnings Results

Manchester & London (LON:MNL) posted its quarterly earnings results on Wednesday. The investment trust reported GBX (0.83) (($0.01)) earnings per share for the quarter, Digital Look Earnings reports. Manchester & London had a return on equity of 39.92% and a net margin of 95.89%.

Manchester & London Price Performance

MNL stock opened at GBX 665.20 ($8.65) on Thursday. The company has a market capitalization of £264.91 million, a PE ratio of 2.21 and a beta of 0.42. Manchester & London has a 12 month low of GBX 572 ($7.44) and a 12 month high of GBX 850 ($11.06). The firm’s 50-day moving average is GBX 723.24 and its 200 day moving average is GBX 708.51.

Insider Activity

In other Manchester & London news, insider Daren John Morris acquired 4,925 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of GBX 751 ($9.77) per share, with a total value of £36,986.75 ($48,115.98). Company 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.