Manchester & London (LON:MNL) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Manchester & London (LON:MNLGet Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 783.84 and traded as high as GBX 830. Manchester & London shares last traded at GBX 820, with a volume of 36,479 shares traded.

Manchester & London Price Performance

The stock has a market cap of £324.63 million, a P/E ratio of 3.34 and a beta of 0.42. The stock has a 50-day simple moving average of GBX 783.84 and a 200-day simple moving average of GBX 826.79.

Manchester & London Company Profile

(Get Free Report)

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.

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