Man Group (OTCMKTS:MNGPF) Stock Price Up 30.5% – What’s Next?

Man Group Plc (OTCMKTS:MNGPF)’s share price shot up 30.5% during mid-day trading on Wednesday . The stock traded as high as $3.70 and last traded at $3.70. 7,367 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 5,656 shares. The stock had previously closed at $2.8350.

Wall Street Analyst Weigh In

MNGPF has been the topic of several research reports. Citigroup reiterated a “neutral” rating on shares of Man Group in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Man Group in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Man Group Trading Up 30.5%

The stock has a 50-day moving average price of $2.87 and a 200 day moving average price of $2.58.

Man Group Company Profile

Man Group is a global alternative investment manager that specializes in a wide range of hedge fund and quantitative strategies. Headquartered in London, the firm serves institutional, intermediary and private investors worldwide, offering bespoke asset management solutions designed to address diverse market conditions and client objectives. With a focus on risk-adjusted returns and systematic research, Man Group employs a combination of quantitative models, fundamental analysis and proprietary technology to identify investment opportunities across multiple asset classes.

The company’s flagship investment platforms include Man AHL, which develops and deploys systematic, data-driven trading strategies; Man GLG, a discretionary business driven by fundamental research and thematic macro insights; and Man Numeric, which applies statistical techniques to emerging markets and thematic investing.