Man Group (OTCMKTS:MNGPF) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Man Group Plc (OTCMKTS:MNGPFGet Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.66 and traded as low as $2.59. Man Group shares last traded at $2.59, with a volume of 242 shares trading hands.

Wall Street Analyst Weigh In

MNGPF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded Man Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. UBS Group lowered Man Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 23rd.

Check Out Our Latest Research Report on MNGPF

Man Group Trading Down 2.6 %

The company has a 50-day moving average price of $2.66 and a 200-day moving average price of $3.06.

Man Group Company Profile

(Get Free Report)

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.

Further Reading

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