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Manchester & London (LON:MNL) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Manchester & London logo with Financial Services background

Manchester & London (LON:MNL - Get Free Report)'s stock price 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 changing hands.

Manchester & London Price Performance

The company has a market cap of £304.76 million, a PE ratio of 252.49 and a beta of 0.42. The stock has a fifty day moving average price of GBX 732.99 and a 200-day moving average price of GBX 710.53.

Insider Buying and Selling

In related news, insider Daniel Wright bought 1,009 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was bought at an average price of GBX 710 ($8.67) per share, for a total transaction of £7,163.90 ($8,747.13). Company insiders own 2.09% of the company's stock.

About Manchester & London

(Get Free Report)

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.

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