Manx Financial Group (LON:MFX) Stock Price Down 14% – Here’s Why

Manx Financial Group PLC (LON:MFX) was down 14% during trading on Monday . The stock traded as low as GBX 20 and last traded at GBX 21.50. Approximately 83,678 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 73,250 shares. The stock had previously closed at GBX 25.

Manx Financial Group Stock Performance

The stock has a market cap of £26.43 million, a price-to-earnings ratio of 3.45 and a beta of 0.62. The business has a 50-day simple moving average of GBX 25.77 and a two-hundred day simple moving average of GBX 27.61.

Manx Financial Group Company Profile

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.