Manchester & London Investment Trust plc (LON:MNL)’s stock price was down 0.9% on Friday . The company traded as low as GBX 520 ($6.79) and last traded at GBX 525.13 ($6.86), approximately 4,834 shares traded hands during trading. A decline of 86% from the average daily volume of 33,940 shares. The stock had previously closed at GBX 530 ($6.93).
The stock’s 50-day moving average is GBX 525.87 and its two-hundred day moving average is GBX 441.50. The stock has a market cap of $156.22 million and a P/E ratio of 32.05.
In related news, insider Daniel Wright bought 11,462 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was purchased at an average price of GBX 520 ($6.79) per share, for a total transaction of £59,602.40 ($77,881.09).
Manchester and London Investment Trust plc is a United Kingdom-based investment company. The investment objective of the Company is to achieve capital appreciation together with a reasonable level of income. The Company seeks to invest in companies whose shares are admitted to trading on a regulated market.
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