Manchester & London (LON:MNL) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Manchester & London (LON:MNL) shares 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 Trading Up 1.2 %

The company has a market cap of £300.43 million, a PE ratio of 245.85 and a beta of 0.42. The company has a fifty day simple moving average of GBX 687.68 and a two-hundred day simple moving average of GBX 700.91.

Manchester & London Announces Dividend

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

Insider Buying and Selling

In other Manchester & London news, insider Daniel Wright acquired 1,009 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average price of GBX 710 ($9.01) per share, for a total transaction of £7,163.90 ($9,091.24). 2.09% of the stock is owned by insiders.

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.