Manchester & London (LON:MNL – Get Free Report) posted its quarterly earnings results on Wednesday. The investment trust reported GBX (0.43) earnings per share for the quarter, Digital Look Earnings reports. Manchester & London had a return on equity of 18.18% and a net margin of 91.75%.
Manchester & London Price Performance
MNL remained flat at GBX 1,000 during trading on Friday. The company had a trading volume of 52,866 shares, compared to its average volume of 40,331. The firm’s fifty day moving average price is GBX 976.47 and its 200-day moving average price is GBX 975.02. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.81 and a current ratio of 22.60. Manchester & London has a 52-week low of GBX 709.88 and a 52-week high of GBX 1,220. The stock has a market cap of £380.25 million, a PE ratio of 5.37 and a beta of 0.80.
Manchester & London Company Profile
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.
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