Manchester & London (LON:MNL – Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 changing hands.
Manchester & London Price Performance
The company has a fifty day moving average price of GBX 731.58 and a 200 day moving average price of GBX 711.13. The company has a market cap of £303.44 million, a PE ratio of 251.39 and a beta of 0.42.
Insiders Place Their Bets
In other news, insider Daniel Wright purchased 1,009 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was purchased at an average price of GBX 710 ($8.74) per share, with a total value of £7,163.90 ($8,814.94). 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.
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