Manchester United (NYSE:MANU) Share Price Passes Above 200-Day Moving Average – Should You Sell?
by Renee Jackson · The Cerbat GemManchester United Ltd. (NYSE:MANU – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.54 and traded as high as $17.84. Manchester United shares last traded at $17.5850, with a volume of 214,128 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on MANU shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Manchester United in a research note on Monday, December 22nd. Wall Street Zen lowered Manchester United from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Manchester United currently has an average rating of “Sell”.
Read Our Latest Stock Report on MANU
Manchester United Stock Performance
The stock has a market cap of $3.04 billion, a PE ratio of -251.82 and a beta of 0.58. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.32 and a quick ratio of 0.30. The business has a 50 day moving average price of $17.20 and a two-hundred day moving average price of $16.57.
Manchester United (NYSE:MANU – Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The company had revenue of $255.92 million for the quarter, compared to analysts’ expectations of $251.72 million. Manchester United had a negative net margin of 1.39% and a negative return on equity of 4.85%. As a group, equities research analysts forecast that Manchester United Ltd. will post -0.74 EPS for the current fiscal year.
Hedge Funds Weigh In On Manchester United
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC bought a new position in shares of Manchester United during the fourth quarter valued at approximately $257,000. Invesco Ltd. bought a new position in shares of Manchester United during the fourth quarter valued at approximately $6,665,000. Millennium Management LLC bought a new position in shares of Manchester United during the fourth quarter valued at approximately $335,000. Ionic Capital Management LLC raised its holdings in shares of Manchester United by 15.2% during the fourth quarter. Ionic Capital Management LLC now owns 39,380 shares of the company’s stock valued at $627,000 after acquiring an additional 5,200 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Manchester United by 53.7% during the fourth quarter. Engineers Gate Manager LP now owns 21,159 shares of the company’s stock valued at $337,000 after acquiring an additional 7,391 shares in the last quarter. Institutional investors own 23.34% of the company’s stock.
Manchester United Company Profile
Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.
The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.