Manchester & London (LON:MNL) Stock Passes Below 200 Day Moving Average – Time to Sell?

Shares of Manchester & London (LON:MNL) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 708.83 ($9.17) and traded as low as GBX 626.88 ($8.11). Manchester & London shares last traded at GBX 626.88 ($8.11), with a volume of 16,932 shares changing hands.

Manchester & London Price Performance

The stock has a market cap of £249.65 million, a PE ratio of 2.09 and a beta of 0.42. The stock’s fifty day moving average is GBX 708.96 and its 200-day moving average is GBX 708.83.

Manchester & London (LON:MNL) last posted its quarterly earnings results on Wednesday, March 19th. The investment trust reported GBX (0.83) (($0.01)) earnings per share for the quarter. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Manchester & London Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 10th will be given a GBX 14 ($0.18) dividend. The ex-dividend date is Thursday, April 10th. This represents a yield of 2.06%. This is an increase from Manchester & London’s previous dividend of $7.00. Manchester & London’s payout ratio is currently 4.66%.

Insider Activity

In related news, insider Daren John Morris purchased 4,925 shares of Manchester & London stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of GBX 751 ($9.72) per share, with a total value of £36,986.75 ($47,873.09). Corporate insiders own 2.09% of the company’s stock.

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.