Manchester & London (LON:MNL – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 784.14 and traded as low as GBX 755.75. Manchester & London shares last traded at GBX 786, with a volume of 26,541 shares trading hands.
Manchester & London Stock Down 2.0%
The stock has a market cap of £292.79 million, a PE ratio of 3.01 and a beta of 0.42. The stock has a fifty day moving average of GBX 784.14 and a 200-day moving average of GBX 830.63.
About Manchester & London
Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine. We are particularly interested in software as, once built, software’s marginal cost on each incremental sale is extremely low which makes its marginal profit extraordinarily high.
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