Manchester & London (LON:MNL) Shares Pass Below Fifty Day Moving Average – What’s Next?

Shares of Manchester & London (LON:MNL) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 820.87 and traded as low as GBX 776.46. Manchester & London shares last traded at GBX 802.10, with a volume of 2,284 shares traded.

Manchester & London Stock Performance

The stock has a market capitalization of £305.00 million, a PE ratio of 3.14 and a beta of 0.42. The stock’s 50 day moving average is GBX 820.87 and its two-hundred day moving average is GBX 840.09.

Manchester & London (LON:MNL) last released its earnings results on Monday, September 29th. The investment trust reported GBX (1.54) earnings per share for the quarter. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

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. We are particularly interested in software as, once built, software’s marginal cost on each incremental sale is extremely low which makes its marginal profit extraordinarily high.