Manchester United (NYSE:MANU) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Manchester United Ltd. (NYSE:MANU) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.54 and traded as high as $16.94. Manchester United shares last traded at $16.8450, with a volume of 393,556 shares.

Wall Street Analyst Weigh In

MANU has been the topic of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Manchester United in a report on Monday, December 22nd. Wall Street Zen cut Manchester United from a “hold” rating to a “strong sell” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Manchester United Price Performance

The stock has a fifty day moving average of $15.88 and a 200-day moving average of $16.53. The firm has a market capitalization of $2.87 billion, a P/E ratio of -53.70 and a beta of 0.57. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 2.58.

Manchester United (NYSE:MANU) last posted its quarterly earnings data on Thursday, December 11th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). Manchester United had a negative return on equity of 10.21% and a negative net margin of 6.14%.The company had revenue of $188.66 million during the quarter, compared to the consensus estimate of $191.16 million. Equities analysts predict that Manchester United Ltd. will post -0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Manchester United

Several hedge funds have recently added to or reduced their stakes in MANU. Raymond James Financial Inc. acquired a new position in Manchester United in the second quarter valued at approximately $29,000. Quantbot Technologies LP lifted its stake in Manchester United by 105.3% in the second quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock valued at $114,000 after buying an additional 3,273 shares during the period. Orion Porfolio Solutions LLC bought a new position in Manchester United during the second quarter worth about $179,000. Alpine Woods Capital Investors LLC acquired a new position in shares of Manchester United during the 2nd quarter worth about $189,000. Finally, Savant Capital LLC acquired a new position in shares of Manchester United during the 2nd quarter worth about $195,000. Institutional investors own 23.34% of the company’s stock.

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.