Manx Financial Group (LON:MFX) Stock Passes Above 50 Day Moving Average – Here’s Why

Manx Financial Group PLC (LON:MFXGet Free Report)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 27.28 and traded as high as GBX 29. Manx Financial Group shares last traded at GBX 29, with a volume of 167 shares trading hands.

Manx Financial Group Price Performance

The company has a debt-to-equity ratio of 111.71, a current ratio of 2.30 and a quick ratio of 1.02. The firm has a market cap of £35.05 million, a P/E ratio of 4.65 and a beta of 0.62. The stock’s 50-day simple moving average is GBX 27.34 and its two-hundred day simple moving average is GBX 28.32.

Insiders Place Their Bets

In other news, insider James Smeed acquired 25,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of GBX 27 per share, with a total value of £6,750. 69.71% of the stock is owned by company insiders.

Manx Financial Group Company Profile

(Get Free Report)

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.

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