Manchester & London (LON:MNL) Trading Down 0.8% – Here’s What Happened

Manchester & London (LON:MNL)’s share price dropped 0.8% during mid-day trading on Wednesday . The stock traded as low as GBX 718 ($9.06) and last traded at GBX 724 ($9.14). Approximately 60,970 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 60,595 shares. The stock had previously closed at GBX 730 ($9.21).

Manchester & London Stock Performance

The company has a market capitalization of £289.52 million, a PE ratio of 239.87 and a beta of 0.42. The company’s fifty day moving average is GBX 716.78 and its 200-day moving average is GBX 711.81.

Manchester & London Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd were given a dividend of GBX 7 ($0.09) per share. The ex-dividend date was Thursday, October 3rd. This represents a dividend yield of 1.07%. Manchester & London’s payout ratio is 465.12%.

Insider Activity at Manchester & London

In other Manchester & London news, insider Daniel Wright purchased 1,009 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were bought at an average cost of GBX 710 ($8.96) per share, with a total value of £7,163.90 ($9,041.90). 2.09% of the stock is owned by corporate insiders.

Manchester & London Company Profile

Manchester & London Investment Trust plc is a close-ended fund launched and managed by M&L Capital Management Limited. The fund primarily invests in the public equity markets of the United Kingdom. It makes its investments across diversified sectors. The fund primarily invests in growth stocks of companies by employing a fundamental analysis.