Manchester United (NYSE:MANU) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Manchester United Ltd. (NYSE:MANU) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.68 and traded as low as $15.97. Manchester United shares last traded at $16.0770, with a volume of 239,531 shares changing hands.

Analyst Ratings Changes

MANU has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Manchester United from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Manchester United in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Manchester United Trading Up 0.9%

The stock has a 50 day moving average of $16.00 and a 200 day moving average of $16.68. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.31 and a quick ratio of 0.29. The firm has a market cap of $2.77 billion, a P/E ratio of -51.86 and a beta of 0.58.

Manchester United (NYSE:MANU) last issued its quarterly earnings results on Thursday, December 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.10). Manchester United had a negative return on equity of 10.21% and a negative net margin of 6.14%.The firm had revenue of $188.66 million for the quarter, compared to the consensus estimate of $191.16 million. As a group, equities research analysts predict that Manchester United Ltd. will post -0.74 EPS for the current year.

Institutional Trading of Manchester United

Several hedge funds and other institutional investors have recently bought and sold shares of MANU. Raymond James Financial Inc. purchased a new position in shares of Manchester United during the second quarter worth approximately $29,000. Quantbot Technologies LP boosted its stake in shares of Manchester United by 105.3% in the 2nd quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock valued at $114,000 after purchasing an additional 3,273 shares in the last quarter. Saranac Partners Ltd purchased a new stake in shares of Manchester United in the 3rd quarter valued at $169,000. Orion Porfolio Solutions LLC bought a new position in shares of Manchester United during the 2nd quarter valued at $179,000. Finally, Savant Capital LLC raised its position in Manchester United by 13.1% in the 3rd quarter. Savant Capital LLC now owns 12,357 shares of the company’s stock worth $187,000 after purchasing an additional 1,427 shares during the period. Hedge funds and other institutional investors own 23.34% of the company’s stock.

About Manchester United

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.