Manchester & London (LON:MNL) Share Price Passes Above Fifty Day Moving Average – Here’s Why
by Kim Johansen · The Markets DailyManchester & London (LON:MNL – Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 775.53 and traded as high as GBX 796. Manchester & London shares last traded at GBX 780, with a volume of 30,912 shares changing hands.
Manchester & London Price Performance
The company has a debt-to-equity ratio of 0.49, a current ratio of 22.60 and a quick ratio of 2.81. The stock has a market cap of £296.60 million, a price-to-earnings ratio of 3.05 and a beta of 0.82. The firm has a 50 day simple moving average of GBX 775.57 and a two-hundred day simple moving average of GBX 805.59.
Manchester & London (LON:MNL – Get Free Report) last posted its earnings results on Wednesday, March 18th. The investment trust reported GBX (1.52) earnings per share (EPS) for the quarter. Manchester & London had a return on equity of 18.18% and a net margin of 91.75%.
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.