Manchester & London (LON:MNL) Stock Crosses Below 200-Day Moving Average – Here’s Why

Manchester & London (LON:MNL)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 708.83 ($9.17) and traded as low as GBX 626.88 ($8.11). Manchester & London shares last traded at GBX 626.88 ($8.11), with a volume of 16,932 shares changing hands.

Manchester & London Price Performance

The firm has a market cap of £249.65 million, a P/E ratio of 2.09 and a beta of 0.42. The firm’s 50 day moving average is GBX 708.96 and its 200 day moving average is GBX 708.83.

Manchester & London (LON:MNL) last announced its quarterly earnings results on Wednesday, March 19th. The investment trust reported GBX (0.83) (($0.01)) earnings per share (EPS) for the quarter. Manchester & London had a return on equity of 39.92% and a net margin of 95.89%.

Manchester & London Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 10th will be paid a GBX 14 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 2.06%. This is a boost from Manchester & London’s previous dividend of $7.00. Manchester & London’s payout ratio is currently 4.66%.

Insider Activity

In other news, insider Daren John Morris acquired 4,925 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of GBX 751 ($9.72) per share, with a total value of £36,986.75 ($47,873.09). Corporate 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.