Liontrust Asset Management (LON:LIO) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Liontrust Asset Management PLC (LON:LIO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 554.62 ($6.82) and traded as low as GBX 456 ($5.61). Liontrust Asset Management shares last traded at GBX 462 ($5.68), with a volume of 202,594 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Berenberg Bank cut their target price on shares of Liontrust Asset Management from GBX 215 ($2.65) to GBX 195 ($2.40) and set a “hold” rating for the company in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 500 ($6.15) price target on shares of Liontrust Asset Management in a research report on Friday, November 22nd.

Liontrust Asset Management Price Performance

The stock’s 50-day simple moving average is GBX 458.94 and its 200 day simple moving average is GBX 552.29. The company has a quick ratio of 1.35, a current ratio of 1.42 and a debt-to-equity ratio of 2.40. The company has a market cap of £278.33 million, a price-to-earnings ratio of -8,710.00, a PEG ratio of -1.70 and a beta of 1.33.

Liontrust Asset Management Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th were paid a dividend of GBX 22 ($0.27) per share. This represents a yield of 5.28%. The ex-dividend date was Thursday, November 28th. Liontrust Asset Management’s dividend payout ratio (DPR) is -144,000.00%.

Insider Activity

In other news, insider Vinay Kumar Abrol acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average cost of GBX 454 ($5.59) per share, with a total value of £227,000 ($279,315.86). Insiders own 11.90% of the company’s stock.

About Liontrust Asset Management

Liontrust Asset Management Plc is a publicly owned investment manager. The firm also launches equity, fixed income, , multi-asset and managed funds for its clients. It invests into the public equity and multi-asset markets across the globe. The firm was formerly known as River and Mercantile Investment Management Limited.