Manchester United (NYSE:MANU) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Manchester United Ltd. (NYSE:MANU)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.54 and traded as high as $16.94. Manchester United shares last traded at $16.8450, with a volume of 393,556 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MANU shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Manchester United in a research note on Monday, December 22nd. Wall Street Zen lowered Manchester United from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Manchester United Trading Down 0.3%

The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $2.90 billion, a P/E ratio of -54.34 and a beta of 0.57. The company has a 50-day moving average price of $15.84 and a 200 day moving average price of $16.54.

Manchester United (NYSE:MANU) last issued its quarterly earnings data on Thursday, December 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). The company had revenue of $188.66 million for the quarter, compared to the consensus estimate of $191.16 million. Manchester United had a negative net margin of 6.14% and a negative return on equity of 10.21%. On average, research analysts forecast that Manchester United Ltd. will post -0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Manchester United

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Manchester United during the second quarter worth $29,000. Quantbot Technologies LP increased its position in Manchester United by 105.3% during the 2nd quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock valued at $114,000 after buying an additional 3,273 shares in the last quarter. Saranac Partners Ltd acquired a new position in Manchester United during the 3rd quarter valued at about $169,000. Orion Porfolio Solutions LLC purchased a new stake in Manchester United in the second quarter valued at about $179,000. Finally, Savant Capital LLC boosted its holdings in Manchester United by 13.1% in the third quarter. Savant Capital LLC now owns 12,357 shares of the company’s stock worth $187,000 after acquiring an additional 1,427 shares in the last quarter. 23.34% of the stock is owned by hedge funds and other institutional investors.

Manchester United Company Profile

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.