Manchester & London (LON:MNL - Get Free Report)'s stock price dropped 7.6% during trading on Monday . The company traded as low as GBX 735.80 ($9.16) and last traded at GBX 741.31 ($9.22). Approximately 39,702 shares changed hands during trading, a decline of 26% from the average daily volume of 53,345 shares. The stock had previously closed at GBX 802 ($9.98).
Manchester & London Stock Performance
The stock's fifty day simple moving average is GBX 741.27 and its 200-day simple moving average is GBX 708.68. The stock has a market cap of £294.33 million, a P/E ratio of 243.85 and a beta of 0.42.
Insider Activity at Manchester & London
In other news, insider Daniel Wright acquired 1,009 shares of Manchester & London stock in a transaction on Tuesday, October 29th. The shares were purchased at an average cost of GBX 710 ($8.83) per share, for a total transaction of £7,163.90 ($8,913.65). 2.09% of the stock is currently owned by corporate insiders.
About Manchester & London
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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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