Manchester & London (LON:MNL) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Manchester & London (LON:MNL)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 917.52 and traded as low as GBX 893.26. Manchester & London shares last traded at GBX 914, with a volume of 50,939 shares trading hands.

Manchester & London Trading Up 1.5%

The business’s 50 day simple moving average is GBX 1,077.93 and its two-hundred day simple moving average is GBX 917.52. The stock has a market cap of £352.87 million, a P/E ratio of 4.98 and a beta of 0.91. The company has a quick ratio of 2.81, a current ratio of 22.60 and a debt-to-equity ratio of 0.49.

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.