Manchester United (NYSE:MANU) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Manchester United Ltd. (NYSE:MANU) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.94 and traded as high as $22.41. Manchester United shares last traded at $22.3390, with a volume of 237,436 shares traded.

More Manchester United News

Here are the key news stories impacting Manchester United this week:

• Positive Sentiment: Multiple reports say Manchester United have reached an agreement with Manu Kone on personal terms, and some outlets describe the club as being in pole position to land the AS Roma midfielder. Manchester United agree personal terms with Roma midfielder Manu Kone
• Positive Sentiment: Additional stories suggest United are closing in on a transfer agreement, reinforcing expectations that the club may soon complete a high-profile midfield addition. Man United are closing in on transfer after key agreement with €60m target
• Neutral Sentiment: Reports also mention other midfield targets, including links to Aurelien Tchouameni, Zaire-Emery, and additional options, suggesting United are still actively shaping their squad plans. Man Utd transfer news LIVE: Tchouameni EXCLUSIVE, Red Devils ‘prepare’ Zaire-Emery offer, United ‘lead’ Manu Kone race
• Neutral Sentiment: Competitors such as Al-Ahli and Al-Hilal are reportedly interested in Kone, which adds uncertainty but does not yet change the overall transfer narrative. Al-Hilal in direct contact with Roma for Manchester United target Kone

Analyst Ratings Changes

Several analysts recently issued reports on MANU shares. Weiss Ratings raised shares of Manchester United from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 15th. Wall Street Zen raised shares of Manchester United from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Manchester United presently has a consensus rating of “Sell”.

Manchester United Stock Performance

The company has a fifty day moving average of $21.87 and a two-hundred day moving average of $18.94. The stock has a market capitalization of $3.85 billion, a P/E ratio of -159.55 and a beta of 0.60. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.37 and a quick ratio of 0.35.

Manchester United (NYSE:MANU) last released its earnings results on Wednesday, May 27th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.10. The company had revenue of $250.96 million for the quarter, compared to the consensus estimate of $220.94 million. Manchester United had a positive return on equity of 0.64% and a negative net margin of 2.67%.

Hedge Funds Weigh In On Manchester United

Large investors have recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC boosted its holdings in Manchester United by 5.3% in the first quarter. Alpine Woods Capital Investors LLC now owns 13,450 shares of the company’s stock worth $226,000 after purchasing an additional 674 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Manchester United by 1.8% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 55,495 shares of the company’s stock worth $883,000 after purchasing an additional 1,000 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Manchester United by 70.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,611 shares of the company’s stock worth $44,000 after purchasing an additional 1,076 shares during the period. Royal Bank of Canada lifted its position in shares of Manchester United by 20.4% in the 1st quarter. Royal Bank of Canada now owns 7,852 shares of the company’s stock worth $131,000 after buying an additional 1,329 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Manchester United by 14.9% in the 4th quarter. Deutsche Bank AG now owns 10,916 shares of the company’s stock worth $174,000 after buying an additional 1,419 shares during the last quarter. 23.34% of the stock is currently owned by institutional investors.

About Manchester United

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.