Magellan Financial Group Ltd (ASX:MFG) shares reached a new 52-week high during trading on Thursday . The company traded as high as A$45.48 ($32.26) and last traded at A$44.50 ($31.56), with a volume of 1229735 shares trading hands. The stock had previously closed at A$44.39 ($31.48).
The company has a market cap of $7.94 billion and a P/E ratio of 23.74.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.thelincolnianonline.com/2019/05/18/magellan-financial-group-mfg-sets-new-52-week-high-at-45-48.html.
About Magellan Financial Group (ASX:MFG)
Magellan Financial Group is a publicly owned investment manager. The firm provide its services to high net worth, retail, and institutional investors. Magellan Financial Group is based in Sydney, Australia.
Further Reading: What is systematic risk?
Receive News & Ratings for Magellan Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magellan Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.