Manchester & London (LON:MNL - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 669.19 ($8.71) and traded as high as GBX 776.20 ($10.10). Manchester & London shares last traded at GBX 734 ($9.55), with a volume of 111,511 shares.
Manchester & London Price Performance
The business's 50 day simple moving average is GBX 670.35 and its 200 day simple moving average is GBX 693.69. The stock has a market cap of £292.73 million, a P/E ratio of 242.52 and a beta of 0.42.
Manchester & London Dividend Announcement
The business also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be issued a GBX 7 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 1.07%. Manchester & London's payout ratio is presently 465.12%.
Insider Activity at Manchester & London
In other news, insider Daniel Wright bought 1,009 shares of the stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average price of GBX 710 ($9.24) per share, with a total value of £7,163.90 ($9,325.57). 2.09% of the stock is owned by insiders.
Manchester & London Company Profile
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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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