Manchester & London (LON:MNL – Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 726.16 ($8.99) and traded as high as GBX 728 ($9.01). Manchester & London shares last traded at GBX 720 ($8.91), with a volume of 12,375 shares changing hands.
Manchester & London Stock Performance
The company has a market capitalization of £301.55 million, a price-to-earnings ratio of 249.83 and a beta of 0.42. The business has a 50-day simple moving average of GBX 726.98 and a two-hundred day simple moving average of GBX 712.50.
Insider Activity
In other news, insider Daniel Wright purchased 1,009 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average price of GBX 710 ($8.79) per share, with a total value of £7,163.90 ($8,867.31). Insiders own 2.09% of the company’s stock.
About Manchester & London
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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