Manx Financial Group (LON:MFX) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Manx Financial Group PLC (LON:MFXGet Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 27.53 and traded as high as GBX 28.40. Manx Financial Group shares last traded at GBX 27, with a volume of 29,562 shares changing hands.

Manx Financial Group Price Performance

The firm has a market cap of £33.85 million, a price-to-earnings ratio of 4.49 and a beta of 0.62. The company’s fifty day moving average is GBX 27.53 and its 200 day moving average is GBX 28.51. The company has a quick ratio of 1.02, a current ratio of 2.30 and a debt-to-equity ratio of 111.71.

Insider Activity

In related news, insider James Smeed bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average price of GBX 27 per share, for a total transaction of £6,750. Corporate insiders own 69.71% of the company’s stock.

Manx Financial Group Company Profile

(Get Free Report)

Manx Financial Group PLC (MFG) is an AIM-quoted company (LSE: MFX.L) with subsidiaries offering a suite of financial services to retail and commercial customers, both in the Isle of Man and the UK. MFG’s strategy is to combine organic growth with strategic acquisition to further augment the range of services it offers and to gain greater market share in its preferred markets.

Further Reading

Receive News & Ratings for Manx Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manx Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.