Manchester & London (LON:MNL) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Manchester & London (LON:MNL)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 731.58 ($9.00) and traded as high as GBX 780 ($9.60). Manchester & London shares last traded at GBX 750 ($9.23), with a volume of 31,199 shares traded.

Manchester & London Stock Down 1.2 %

The company has a market capitalization of £303.44 million, a PE ratio of 251.39 and a beta of 0.42. The company has a 50-day moving average price of GBX 731.58 and a two-hundred day moving average price of GBX 711.13.

Insider Buying and Selling at Manchester & London

In other news, insider Daniel Wright purchased 1,009 shares of Manchester & London stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average cost of GBX 710 ($8.74) per share, for a total transaction of £7,163.90 ($8,814.94). Insiders own 2.09% of the company’s stock.

About Manchester & London

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.