Jupiter Fund Management (LON:JUP) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Jupiter Fund Management Plc (LON:JUP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 82.92 ($1.04) and traded as high as GBX 86.70 ($1.09). Jupiter Fund Management shares last traded at GBX 86.40 ($1.08), with a volume of 121,896 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 100 ($1.25) price target on shares of Jupiter Fund Management in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 89.25 ($1.12).

Jupiter Fund Management Stock Performance

The firm has a market cap of £439.72 million, a PE ratio of -4,275.10 and a beta of 1.42. The company has a 50-day simple moving average of GBX 82.81 and a two-hundred day simple moving average of GBX 83.01. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23.

Insider Buying and Selling

In related news, insider James Macpherson purchased 30,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of GBX 83 ($1.04) per share, with a total value of £24,900 ($31,203.01). 25.22% of the stock is owned by insiders.

About Jupiter Fund Management

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds.