Manchester & London Investment Trust (LON:MNL) Share Price Passes Above Fifty Day Moving Average of $382.24

Manchester & London Investment Trust plc (LON:MNL – Get Rating)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 382.24 ($4.79) and traded as high as GBX 420 ($5.26). Manchester & London Investment Trust shares last traded at GBX 413 ($5.17), with a volume of 30,408 shares changing hands.

Manchester & London Investment Trust Trading Down 0.1 %

The business has a fifty day moving average of GBX 382.24 and a 200 day moving average of GBX 360.53. The company has a market capitalization of £165.98 million, a PE ratio of -248.80 and a beta of 0.43.

Manchester & London Investment Trust Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, May 4th. Stockholders of record on Thursday, April 13th were paid a GBX 7 ($0.09) dividend. This represents a dividend yield of 1.92%. The ex-dividend date was Thursday, April 13th. Manchester & London Investment Trust’s payout ratio is presently -843.37%.

Insider Activity

In other Manchester & London Investment Trust news, insider Daniel Wright bought 2,500 shares of the business’s stock in a transaction dated Friday, March 24th. The shares were acquired at an average price of GBX 375 ($4.70) per share, with a total value of £9,375 ($11,743.71). Company insiders own 1.83% of the company’s stock.

About Manchester & London Investment Trust

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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.