Manchester & London (LON:MNL) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Manchester & London (LON:MNL)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Manchester & London Stock Performance

The company has a market capitalization of £249.65 million, a PE ratio of 2.09 and a beta of 0.42. The firm has a fifty day simple moving average of GBX 708.96 and a 200 day simple moving average of GBX 708.83.

Manchester & London (LON:MNL) last announced its 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 return on equity of 39.92% and a net margin of 95.89%.

Manchester & London Increases Dividend

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

Insider Activity

In other news, insider Daren John Morris acquired 4,925 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of GBX 751 ($9.72) per share, for a total transaction of £36,986.75 ($47,873.09). Company insiders own 2.09% of the company’s stock.

Manchester & London Company Profile

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.