Manchester & London (LON:MNL) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Manchester & London (LON:MNL)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 784.19 and traded as high as GBX 824. Manchester & London shares last traded at GBX 794, with a volume of 18,038 shares traded.

Manchester & London Trading Up 0.1%

The company’s fifty day moving average is GBX 784.19 and its two-hundred day moving average is GBX 822.21. The company has a quick ratio of 2.81, a current ratio of 5.83 and a debt-to-equity ratio of 0.03. The stock has a market cap of £302.24 million, a price-to-earnings ratio of 3.11 and a beta of 0.82.

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.