Manchester & London (LON:MNL) Announces Earnings Results

Manchester & London (LON:MNL) released its earnings results on Wednesday. The investment trust reported GBX (0.83) (($0.01)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Manchester & London Price Performance

MNL stock traded up GBX 4 ($0.05) during midday trading on Wednesday, reaching GBX 654 ($8.50). 35,374 shares of the company’s stock traded hands, compared to its average volume of 62,663. The company has a market capitalization of £260.45 million, a P/E ratio of 2.18 and a beta of 0.42. Manchester & London has a fifty-two week low of GBX 572 ($7.44) and a fifty-two week high of GBX 850 ($11.05). The business has a 50-day moving average price of GBX 725.33 and a two-hundred day moving average price of GBX 708.63.

Insider Buying and Selling at Manchester & London

In other Manchester & London news, insider Daren John Morris purchased 4,925 shares of Manchester & London stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of GBX 751 ($9.76) per share, with a total value of £36,986.75 ($48,084.70). 2.09% of the stock is currently owned by corporate insiders.

About Manchester & London

Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.

Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine.