Manchester & London (LON:MNL) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Manchester & London (LON:MNL) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 802.93 and traded as low as GBX 780. Manchester & London shares last traded at GBX 784, with a volume of 39,828 shares changing hands.

Manchester & London Stock Performance

The company has a market cap of £299.45 million, a PE ratio of 3.08 and a beta of 0.42. The firm’s 50 day moving average is GBX 802.93 and its 200-day moving average is GBX 844.47.

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.