Manchester United (NYSE:MANU) Stock Price Down 5.9% – Should You Sell?
by Amy Steele · The Cerbat GemManchester United Ltd. (NYSE:MANU – Get Free Report)’s stock price was down 5.9% during trading on Thursday . The company traded as low as $20.96 and last traded at $20.9050. Approximately 121,341 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 337,605 shares. The stock had previously closed at $22.22.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Manchester United from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
View Our Latest Analysis on Manchester United
Manchester United Stock Performance
The firm has a market cap of $3.51 billion, a P/E ratio of -290.66 and a beta of 0.59. The company has a current ratio of 0.32, a quick ratio of 0.30 and a debt-to-equity ratio of 2.52. The business’s fifty day simple moving average is $18.00 and its 200-day simple moving average is $17.03.
Manchester United (NYSE:MANU – Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.10. The business had revenue of $250.96 million for the quarter, compared to analyst estimates of $220.94 million. Manchester United had a negative net margin of 1.39% and a negative return on equity of 4.85%.
Institutional Investors Weigh In On Manchester United
A number of large investors have recently modified their holdings of MANU. Raymond James Financial Inc. bought a new stake in shares of Manchester United during the 2nd quarter valued at about $29,000. Quarry LP bought a new stake in shares of Manchester United during the 4th quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of Manchester United by 70.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,611 shares of the company’s stock valued at $44,000 after purchasing an additional 1,076 shares in the last quarter. Garner Asset Management Corp bought a new stake in shares of Manchester United during the 4th quarter valued at about $97,000. Finally, Quantbot Technologies LP boosted its stake in shares of Manchester United by 105.3% during the 2nd quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock valued at $114,000 after purchasing an additional 3,273 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.