Manchester & London (LON:MNL) Shares Climb 1.8% – What’s Next?

Shares of Manchester & London (LON:MNL) traded up 1.8% during mid-day trading on Friday. The company traded as high as GBX 810 and last traded at GBX 774. Approximately 114,929 shares were traded 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 Stock Up 1.8%

The company has a debt-to-equity ratio of 14.79, a quick ratio of 2.81 and a current ratio of 2.43. The company has a market capitalization of £294.31 million, a price-to-earnings ratio of 5.66 and a beta of 0.81. The firm’s 50-day simple moving average is GBX 956.93 and its 200-day simple moving average is GBX 937.22.

Manchester & London (LON:MNL) last posted its quarterly 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%.

Manchester & London Company Profile

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.