Liontrust Asset Management (LON:LIO) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Posted by Dante Gardener on Dec 22nd, 2024

Liontrust Asset Management PLC (LON:LIO – Get Free Report) shares crossed 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 trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LIO shares. Berenberg Bank dropped their price target on 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. Deutsche Bank Aktiengesellschaft reiterated 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.

Check Out Our Latest Stock Analysis on Liontrust Asset Management

Liontrust Asset Management Price Performance

The firm has a market cap of £292.07 million, a price-to-earnings ratio of -9,140.00, a P/E/G ratio of -1.70 and a beta of 1.33. The business has a 50 day simple moving average of GBX 461.73 and a 200-day simple moving average of GBX 580.86. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.35 and a current ratio of 1.42.

Liontrust Asset Management Cuts Dividend

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

Insider Activity at Liontrust Asset Management

In other news, insider Vinay Kumar Abrol acquired 50,000 shares of Liontrust Asset Management stock in a transaction on Thursday, November 21st. The stock was acquired at an average cost of GBX 454 ($5.71) per share, with a total value of £227,000 ($285,283.40). 11.90% of the stock is currently owned by insiders.

About Liontrust Asset Management

(Get Free Report)

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.