Man Group (OTCMKTS:MNGPF) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Man Group Plc (OTCMKTS:MNGPF) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.71 and traded as low as $3.49. Man Group shares last traded at $3.49, with a volume of 217 shares traded.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup reissued a “neutral” rating on shares of Man Group in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Man Group in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Man Group Stock Performance

The business has a 50 day moving average of $3.71 and a two-hundred day moving average of $3.32.

About Man Group

Man Group is a global alternative investment manager that specializes in a wide range of hedge fund and quantitative strategies. Headquartered in London, the firm serves institutional, intermediary and private investors worldwide, offering bespoke asset management solutions designed to address diverse market conditions and client objectives. With a focus on risk-adjusted returns and systematic research, Man Group employs a combination of quantitative models, fundamental analysis and proprietary technology to identify investment opportunities across multiple asset classes.

The company’s flagship investment platforms include Man AHL, which develops and deploys systematic, data-driven trading strategies; Man GLG, a discretionary business driven by fundamental research and thematic macro insights; and Man Numeric, which applies statistical techniques to emerging markets and thematic investing.