Manchester United plc (NYSE:MANU - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.51 and traded as high as $17.44. Manchester United shares last traded at $17.24, with a volume of 266,202 shares traded.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Manchester United from $16.00 to $18.50 and gave the company a "hold" rating in a research report on Wednesday, July 24th.
Get Our Latest Research Report on Manchester United
Manchester United Stock Performance
The stock has a market cap of $3.03 billion, a P/E ratio of -19.82 and a beta of 0.69. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.36 and a quick ratio of 0.35. The stock has a 50-day simple moving average of $16.37 and a 200-day simple moving average of $16.51.
Manchester United (NYSE:MANU - Get Free Report) last issued its quarterly earnings data on Wednesday, September 11th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.02. The company had revenue of $179.43 million during the quarter, compared to the consensus estimate of $180.82 million. Manchester United had a negative return on equity of 55.05% and a negative net margin of 17.28%. Research analysts forecast that Manchester United plc will post -0.74 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of MANU. BNP Paribas Financial Markets boosted its position in Manchester United by 912.0% in the first quarter. BNP Paribas Financial Markets now owns 2,277 shares of the company's stock worth $32,000 after purchasing an additional 2,052 shares during the last quarter. Emfo LLC purchased a new stake in Manchester United during the second quarter worth about $50,000. Dnca Finance purchased a new position in shares of Manchester United during the 2nd quarter valued at $53,000. Nkcfo LLC bought a new position in Manchester United during the second quarter worth about $113,000. Finally, Garner Asset Management Corp purchased a new stake in Manchester United during the 1st quarter worth about $153,000. Institutional investors own 23.34% of the company's stock.
Manchester United Company Profile
(
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Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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