Manchester & London (LON:MNL) Shares Cross Above 50 Day Moving Average - Time to Sell?

Shares of Manchester & London (LON:MNL - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 731.58 ($8.93) and traded as high as GBX 780 ($9.52). Manchester & London shares last traded at GBX 750 ($9.16), with a volume of 31,199 shares.

Manchester & London Price Performance

The firm has a 50 day moving average of GBX 732.99 and a 200-day moving average of GBX 710.53. The stock has a market capitalization of £304.76 million, a P/E ratio of 252.49 and a beta of 0.42.

Insider Activity

In other Manchester & London news, insider Daniel Wright purchased 1,009 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was purchased at an average price of GBX 710 ($8.67) per share, for a total transaction of £7,163.90 ($8,747.13). 2.09% of the stock is currently owned by company insiders.

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.