Manchester United (NYSE:MANU) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Manchester United plc (NYSE:MANU)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.76 and traded as high as $17.59. Manchester United shares last traded at $17.35, with a volume of 231,142 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group began coverage on Manchester United in a research note on Tuesday, December 17th. They issued a “buy” rating and a $23.00 price objective on the stock. StockNews.com raised shares of Manchester United to a “sell” rating in a research report on Wednesday, December 4th.

Manchester United Trading Down 0.5 %

The company has a debt-to-equity ratio of 3.25, a current ratio of 0.36 and a quick ratio of 0.35. The company has a market cap of $2.86 billion, a PE ratio of -25.59 and a beta of 0.68. The firm’s 50 day moving average is $17.12 and its 200 day moving average is $16.77.

Institutional Investors Weigh In On Manchester United

Several institutional investors have recently bought and sold shares of MANU. Brown Brothers Harriman & Co. purchased a new stake in shares of Manchester United during the third quarter worth about $49,000. Nkcfo LLC purchased a new stake in Manchester United in the 2nd quarter worth approximately $113,000. Verition Fund Management LLC purchased a new position in shares of Manchester United during the third quarter valued at approximately $209,000. PDT Partners LLC bought a new position in shares of Manchester United during the third quarter valued at approximately $274,000. Finally, XTX Topco Ltd purchased a new stake in Manchester United in the second quarter worth $364,000. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

About Manchester United

Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.