Manx Financial Group (LON:MFX) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Manx Financial Group PLC (LON:MFX) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 25.09 and traded as low as GBX 23.10. Manx Financial Group shares last traded at GBX 23.12, with a volume of 1,741 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “house stock” rating on shares of Manx Financial Group in a research report on Monday, May 18th.

Manx Financial Group Price Performance

The company has a debt-to-equity ratio of 126.50, a quick ratio of 1.02 and a current ratio of 0.50. The firm has a fifty day simple moving average of GBX 25.23 and a two-hundred day simple moving average of GBX 25.09. The firm has a market cap of £30.82 million, a PE ratio of 5.90 and a beta of 0.69.

Manx Financial Group (LON:MFX) last issued its quarterly earnings data on Monday, May 18th. The company reported GBX 5.33 earnings per share (EPS) for the quarter. The business had revenue of GBX 3,734 million for the quarter. Manx Financial Group had a return on equity of 15.08% and a net margin of 9.73%.

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.