Manchester & London (LON:MNL – Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 723.25 ($9.26) and traded as high as GBX 840 ($10.76). Manchester & London shares last traded at GBX 825 ($10.57), with a volume of 90,235 shares.
Manchester & London Stock Performance
The stock has a fifty day simple moving average of GBX 723.25 and a 200-day simple moving average of GBX 649.96. The stock has a market cap of £332.09 million, a P/E ratio of 318.53 and a beta of 0.45.
Manchester & London Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, July 4th will be issued a dividend of GBX 7 ($0.09) per share. The ex-dividend date of this dividend is Thursday, July 4th. This represents a dividend yield of 1.03%. Manchester & London’s payout ratio is presently 540.54%.
About Manchester & London
Manchester & London Investment Trust plc is a close-ended fund launched and managed by M&L Capital Management Limited. The fund primarily invests in the public equity markets of the United Kingdom. It makes its investments across diversified sectors. The fund primarily invests in growth stocks of companies by employing a fundamental analysis.
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