Manchester & London (LON:MNL) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Manchester & London (LON:MNL)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,046.56 and traded as high as GBX 1,150. Manchester & London shares last traded at GBX 1,150, with a volume of 20,531 shares.

Manchester & London Price Performance

The firm has a market capitalization of £437.29 million, a P/E ratio of 6.17 and a beta of 0.91. The business has a 50 day simple moving average of GBX 1,046.56 and a two-hundred day simple moving average of GBX 878.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.81 and a current ratio of 22.60.

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.