Manx Financial Group (LON:MFX) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Manx Financial Group PLC (LON:MFX) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 27.73 and traded as high as GBX 28. Manx Financial Group shares last traded at GBX 26, with a volume of 152,478 shares.

Manx Financial Group Price Performance

The company has a debt-to-equity ratio of 111.71, a current ratio of 2.30 and a quick ratio of 1.02. The firm has a 50-day simple moving average of GBX 27.73 and a 200 day simple moving average of GBX 29.08. The firm has a market cap of £31.97 million, a PE ratio of 4.17 and a beta of 0.62.

Insider Transactions at Manx Financial Group

In other news, insider James Smeed bought 25,000 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were acquired at an average cost of GBX 27 per share, with a total value of £6,750. Corporate insiders own 69.97% of the company’s stock.

Manx Financial Group Company Profile

Manx Financial Group PLC (MFG) is an AIM-quoted company (LSE: MFX.L) with subsidiaries offering a suite of financial services to retail and commercial customers, both in the Isle of Man and the UK. MFG’s strategy is to combine organic growth with strategic acquisition to further augment the range of services it offers and to gain greater market share in its preferred markets.