Shares of Manchester & London (LON:MNL – Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 731.58 ($9.00) and traded as high as GBX 780 ($9.60). Manchester & London shares last traded at GBX 750 ($9.23), with a volume of 31,199 shares.
Manchester & London Stock Performance
The company’s 50 day moving average is GBX 731.58 and its 200 day moving average is GBX 711.13. The stock has a market capitalization of £303.44 million, a price-to-earnings ratio of 251.39 and a beta of 0.42.
Insider Activity
In other news, insider Daniel Wright bought 1,009 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was acquired at an average cost of GBX 710 ($8.74) per share, for a total transaction of £7,163.90 ($8,814.94). 2.09% of the stock is owned by company insiders.
About Manchester & London
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.
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