Manchester United plc (NYSE:MANU - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.76 and traded as high as $17.59. Manchester United shares last traded at $17.35, with a volume of 231,142 shares traded.
Wall Street Analysts Forecast Growth
MANU has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Manchester United in a report on Tuesday, December 17th. They issued a "buy" rating and a $23.00 price objective for the company. StockNews.com raised shares of Manchester United to a "sell" rating in a research note on Wednesday, December 4th.
Read Our Latest Report on Manchester United
Manchester United Stock Performance
The business's 50 day simple moving average is $17.12 and its two-hundred day simple moving average is $16.77. The firm has a market capitalization of $2.88 billion, a P/E ratio of -25.73 and a beta of 0.68. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 3.25.
Institutional Trading of Manchester United
A number of large investors have recently made changes to their positions in MANU. Brown Brothers Harriman & Co. bought a new stake in shares of Manchester United in the third quarter worth $49,000. Nkcfo LLC bought a new stake in shares of Manchester United during the 2nd quarter valued at about $113,000. Verition Fund Management LLC purchased a new stake in shares of Manchester United during the 3rd quarter valued at about $209,000. PDT Partners LLC bought a new position in shares of Manchester United in the 3rd quarter worth approximately $274,000. Finally, XTX Topco Ltd purchased a new position in shares of Manchester United in the second quarter worth approximately $364,000. 23.34% of the stock is currently owned by institutional investors.
About Manchester United
(
Get Free Report)
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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