Liontrust Asset Management (LON:LIO) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Liontrust Asset Management PLC (LON:LIO) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 580.86 ($7.30) and traded as low as GBX 449.50 ($5.65). Liontrust Asset Management shares last traded at GBX 457 ($5.74), with a volume of 270,082 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Berenberg Bank cut their price target on shares of Liontrust Asset Management from GBX 215 ($2.70) to GBX 195 ($2.45) and set a “hold” rating for the company in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 500 ($6.28) target price on shares of Liontrust Asset Management in a report on Friday, November 22nd.

Liontrust Asset Management Price Performance

The company’s 50 day moving average price is GBX 461.73 and its 200-day moving average price is GBX 580.86. The company has a market capitalization of £292.07 million, a PE ratio of -9,140.00, a PEG ratio of -1.70 and a beta of 1.33. The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 2.40.

Liontrust Asset Management Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be paid a GBX 22 ($0.28) dividend. This represents a dividend yield of 5.28%. The ex-dividend date is Thursday, November 28th. Liontrust Asset Management’s dividend payout ratio is presently -144,000.00%.

Insider Activity at Liontrust Asset Management

In related news, insider Vinay Kumar Abrol bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average cost of GBX 454 ($5.71) per share, for a total transaction of £227,000 ($285,283.40). Company insiders own 11.90% of the company’s stock.

Liontrust Asset Management Company Profile

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.