Manx Financial Group (LON:MFX) Stock Price Up 9.6% – Time to Buy?

Manx Financial Group PLC (LON:MFX)’s share price was up 9.6% on Wednesday . The stock traded as high as GBX 26.50 and last traded at GBX 25.75. Approximately 157,522 shares traded hands during trading, an increase of 31% from the average daily volume of 120,055 shares. The stock had previously closed at GBX 23.50.

Manx Financial Group Stock Performance

The stock has a market capitalization of £31.72 million, a P/E ratio of 4.25 and a beta of 0.62. The company’s fifty day simple moving average is GBX 28.08 and its two-hundred day simple moving average is GBX 26.64. The company has a debt-to-equity ratio of 111.71, a quick ratio of 1.02 and a current ratio of 2.30.

Insider Transactions at Manx Financial Group

In related news, insider James Smeed purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average cost of GBX 27 per share, for a total transaction of £6,750. 69.49% of the stock is owned by corporate insiders.

About Manx Financial Group

Manx Financial Group PLC (MFG) is an AIM-quoted company (LSE: MFX.L) with subsidiaries offering a suite of financial services to retail and commercial customers, both in the Isle of Man and the UK. MFG’s strategy is to combine organic growth with strategic acquisition to further augment the range of services it offers and to gain greater market share in its preferred markets.