Manchester & London (LON:MNL) Stock Price Up 1.8% – Should You Buy?

Manchester & London (LON:MNL) shot up 1.8% on Friday. The stock traded as high as GBX 810 and last traded at GBX 774. 114,929 shares changed hands during trading, an increase of 191% from the average session volume of 39,547 shares. The stock had previously closed at GBX 760.

Manchester & London Price Performance

The stock has a fifty day moving average of GBX 956.93 and a two-hundred day moving average of GBX 937.22. The company has a current ratio of 2.43, a quick ratio of 2.81 and a debt-to-equity ratio of 14.79. The stock has a market capitalization of £294.31 million, a price-to-earnings ratio of 5.66 and a beta of 0.81.

Manchester & London (LON:MNL) last announced its earnings results on Wednesday, September 23rd. The investment trust reported GBX (0.43) earnings per share for the quarter. Manchester & London had a return on equity of 12.26% and a net margin of 81.92%.

About Manchester & London

Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.

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.