Manx Financial Group (LON:MFX) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Manx Financial Group PLC (LON:MFX) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 29.02 and traded as low as GBX 26. Manx Financial Group shares last traded at GBX 26, with a volume of 77,746 shares changing hands.

Manx Financial Group Stock Performance

The firm’s 50-day moving average price is GBX 27.68 and its two-hundred day moving average price is GBX 29.02. The firm has a market capitalization of £36.27 million, a PE ratio of 4.74 and a beta of 0.62. The company has a quick ratio of 1.02, a current ratio of 2.30 and a debt-to-equity ratio of 111.71.

Insider Buying and Selling

In other news, insider James Smeed acquired 25,000 shares of the stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of GBX 27 per share, for a total transaction of £6,750. Corporate insiders own 69.97% of the company’s stock.

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.