Manchester United (NYSE:MANU) Share Price Passes Above 200 Day Moving Average – What’s Next?

Manchester United Ltd. (NYSE:MANU) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.61 and traded as high as $15.86. Manchester United shares last traded at $15.37, with a volume of 585,438 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Manchester United from a “sell” rating to a “hold” rating in a research report on Saturday, May 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $23.00.

Manchester United Trading Down 0.1%

The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 2.54. The business has a 50-day moving average of $17.21 and a two-hundred day moving average of $15.61. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -61.48 and a beta of 0.69.

Manchester United (NYSE:MANU) last announced its earnings results on Wednesday, September 17th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $219.20 million for the quarter, compared to the consensus estimate of $166.63 million. Manchester United had a negative return on equity of 9.78% and a negative net margin of 4.92%. Manchester United has set its FY 2026 guidance at EPS. Research analysts predict that Manchester United Ltd. will post -0.74 EPS for the current fiscal year.

Institutional Trading of Manchester United

A number of large investors have recently made changes to their positions in MANU. Raymond James Financial Inc. acquired a new position in shares of Manchester United during the 2nd quarter worth about $29,000. Quantbot Technologies LP increased its holdings in shares of Manchester United by 105.3% during the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock worth $114,000 after purchasing an additional 3,273 shares during the period. Simon Quick Advisors LLC bought a new position in shares of Manchester United during the first quarter worth approximately $137,000. Entropy Technologies LP bought a new position in shares of Manchester United during the first quarter worth approximately $142,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Manchester United during the fourth quarter worth approximately $177,000. Institutional investors own 23.34% of the company’s stock.

Manchester United Company Profile

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.