Manchester & London (LON:MNL) Trading Down 0.8% – Here’s What Happened

Manchester & London (LON:MNL) shares traded down 0.8% on Wednesday . The company traded as low as GBX 718 ($9.16) and last traded at GBX 724 ($9.24). 60,970 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 60,595 shares. The stock had previously closed at GBX 730 ($9.31).

Manchester & London Price Performance

The firm has a market cap of £290.32 million, a price-to-earnings ratio of 240.53 and a beta of 0.42. The stock’s fifty day moving average price is GBX 714.72 and its 200-day moving average price is GBX 711.47.

Manchester & London Announces Dividend

The business also recently declared a dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd were given a GBX 7 ($0.09) dividend. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, October 3rd. Manchester & London’s dividend payout ratio (DPR) is 465.12%.

Insider Buying and Selling

In other news, insider Daniel Wright bought 1,009 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average cost of GBX 710 ($9.06) per share, with a total value of £7,163.90 ($9,138.79). 2.09% of the stock is currently owned by corporate insiders.

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.