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

Liontrust Asset Management PLC (LON:LIO)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 596.84 ($7.53) and traded as low as GBX 481 ($6.07). Liontrust Asset Management shares last traded at GBX 485.50 ($6.13), with a volume of 220,854 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Berenberg Bank lowered their price objective on shares of Liontrust Asset Management from GBX 215 ($2.71) to GBX 195 ($2.46) and set a “hold” rating on the stock in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 500 ($6.31) price target on shares of Liontrust Asset Management in a research note on Friday, November 22nd.

Liontrust Asset Management Stock Up 0.7 %

The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.35 and a current ratio of 1.42. The stock has a market cap of £312.52 million, a P/E ratio of -9,780.00, a P/E/G ratio of -1.70 and a beta of 1.33. The stock’s fifty day simple moving average is GBX 467.45 and its 200-day simple moving average is GBX 593.64.

Liontrust Asset Management Cuts Dividend

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

Insider Buying and Selling at Liontrust Asset Management

In other news, insider Vinay Kumar Abrol purchased 50,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was bought at an average price of GBX 454 ($5.73) per share, with a total value of £227,000 ($286,507.64). 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.