Manchester & London (LON:MNL) Shares Climb 1.8% – What’s Next?

Shares of Manchester & London (LON:MNL) shot up 1.8% during mid-day trading on Friday. The company traded as high as GBX 810 and last traded at GBX 774. 114,929 shares were traded during trading, an increase of 191% from the average daily volume of 39,547 shares. The stock had previously closed at GBX 760.

Manchester & London Stock Up 1.8%

The company has a debt-to-equity ratio of 14.79, a quick ratio of 2.81 and a current ratio of 2.43. The firm has a fifty day moving average price of GBX 956.93 and a 200 day moving average price of GBX 937.22. The firm has a market capitalization of £294.31 million, a price-to-earnings ratio of 5.66 and a beta of 0.81.

Manchester & London (LON:MNL) last announced its quarterly earnings results on Wednesday, September 23rd. The investment trust reported GBX (0.43) earnings per share (EPS) for the quarter. Manchester & London had a net margin of 81.92% and a return on equity of 12.26%.

About Manchester & London

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.