Manchester & London (LON:MNL) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Manchester & London (LON:MNL) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 687.68 ($8.73) and traded as high as GBX 770 ($9.77). Manchester & London shares last traded at GBX 740 ($9.39), with a volume of 22,390 shares.

Manchester & London Stock Performance

The stock has a market cap of £300.43 million, a PE ratio of 245.85 and a beta of 0.42. The company’s 50-day moving average price is GBX 687.68 and its 200 day moving average price is GBX 700.91.

Manchester & London Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd were paid a GBX 7 ($0.09) dividend. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, October 3rd. Manchester & London’s dividend payout ratio (DPR) is presently 465.12%.

Insider Buying and Selling

In related news, insider Daniel Wright acquired 1,009 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were purchased at an average cost of GBX 710 ($9.01) per share, for a total transaction of £7,163.90 ($9,091.24). Corporate insiders own 2.09% of the company’s stock.

Manchester & London Company Profile

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.