Manx Financial Group (LON:MFX) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Manx Financial Group PLC (LON:MFX) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 29.02 and traded as low as GBX 26. Manx Financial Group shares last traded at GBX 26, with a volume of 77,746 shares.

Manx Financial Group Trading Up 1.7%

The stock has a market capitalization of £36.27 million, a P/E ratio of 4.74 and a beta of 0.62. The firm’s 50 day simple moving average is GBX 27.68 and its two-hundred day simple moving average is GBX 29.07. The company has a quick ratio of 1.02, a current ratio of 2.30 and a debt-to-equity ratio of 111.71.

Insider Transactions at Manx Financial Group

In other news, insider James Smeed acquired 25,000 shares of Manx Financial Group stock in a transaction on Thursday, November 20th. The stock was purchased at an average price of GBX 27 per share, with a total value of £6,750. Insiders own 69.97% of the company’s stock.

Manx Financial Group Company Profile

Manx Financial Group PLC (MFG) is an AIM-quoted company (LSE: MFX.L) with subsidiaries offering a suite of financial services to retail and commercial customers, both in the Isle of Man and the UK. MFG’s strategy is to combine organic growth with strategic acquisition to further augment the range of services it offers and to gain greater market share in its preferred markets.