Manchester & London (LON:MNL) Posts Earnings Results

Manchester & London (LON:MNL) posted its quarterly earnings results on Wednesday. The investment trust reported GBX (0.83) (($0.01)) earnings per share for the quarter, Digital Look Earnings reports. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Manchester & London Price Performance

Shares of MNL stock traded up GBX 4 ($0.05) during trading hours on Wednesday, reaching GBX 654 ($8.50). The company had a trading volume of 35,374 shares, compared to its average volume of 62,663. The company has a 50 day moving average of GBX 725.33 and a 200 day moving average of GBX 708.63. The firm has a market cap of £260.45 million, a price-to-earnings ratio of 2.18 and a beta of 0.42. Manchester & London has a 1-year low of GBX 572 ($7.44) and a 1-year high of GBX 850 ($11.05).

Insider Activity

In other news, insider Daren John Morris bought 4,925 shares of the stock in a transaction on Wednesday, January 29th. The stock was purchased at an average price of GBX 751 ($9.76) per share, for a total transaction of £36,986.75 ($48,084.70). 2.09% of the stock is currently owned by company insiders.

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.