Manchester & London Investment Trust plc (LON:MNL) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $653.76 and traded as low as $624.91. Manchester & London Investment Trust shares last traded at $630.00, with a volume of 16,531 shares trading hands.
The firm has a market cap of $213.32 million and a P/E ratio of 5.75. The company’s 50-day moving average is GBX 653.76 and its two-hundred day moving average is GBX 588.47.
In related news, insider Daniel Wright acquired 8,730 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was bought at an average cost of GBX 647 ($7.96) per share, with a total value of £56,483.10 ($69,509.11).
Manchester and London Investment Trust plc is a United Kingdom-based investment company. The investment objective of the Company is to achieve capital appreciation together with a reasonable level of income. The Company seeks to invest in companies whose shares are admitted to trading on a regulated market.
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