Liontrust Asset Management (LON:LIO) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Liontrust Asset Management PLC (LON:LIO)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 459.60 ($5.77) and traded as high as GBX 479 ($6.01). Liontrust Asset Management shares last traded at GBX 466 ($5.85), with a volume of 183,626 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LIO shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 500 ($6.27) price target on shares of Liontrust Asset Management in a research note on Friday, November 22nd. Berenberg Bank cut their target price on shares of Liontrust Asset Management from GBX 215 ($2.70) to GBX 195 ($2.45) and set a “hold” rating on the stock in a research note on Wednesday, November 20th.

Liontrust Asset Management Trading Up 0.4 %

The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 2.40. The company has a market cap of £298.99 million, a PE ratio of -9,356.50, a P/E/G ratio of -1.70 and a beta of 1.33. The company has a fifty day simple moving average of GBX 459.60 and a two-hundred day simple moving average of GBX 566.87.

Liontrust Asset Management Cuts Dividend

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

Insider Buying and Selling

In other Liontrust Asset Management 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 purchased at an average price of GBX 454 ($5.70) per share, with a total value of £227,000 ($284,818.07). 11.90% of the stock is owned by insiders.

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.