Manchester & London (LON:MNL) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Manchester & London (LON:MNL) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 775.53 and traded as high as GBX 796. Manchester & London shares last traded at GBX 780, with a volume of 30,912 shares trading hands.

Manchester & London Price Performance

The stock has a market capitalization of £296.60 million, a P/E ratio of 3.05 and a beta of 0.82. The stock has a 50 day moving average price of GBX 775.53 and a 200-day moving average price of GBX 806.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 22.60 and a quick ratio of 2.81.

Manchester & London (LON:MNL) last released its earnings results on Wednesday, March 18th. The investment trust reported GBX (1.52) earnings per share for the quarter. Manchester & London had a net margin of 91.75% and a return on equity of 18.18%.

Manchester & London Company Profile

Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.

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.