Jupiter Fund Management (LON:JUP) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Jupiter Fund Management Plc (LON:JUP)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 82.99 ($1.03) and traded as low as GBX 77.50 ($0.96). Jupiter Fund Management shares last traded at GBX 78.20 ($0.97), with a volume of 403,179 shares.

Wall Street Analyst Weigh In

Separately, Citigroup dropped their target price on Jupiter Fund Management from GBX 92 ($1.14) to GBX 80 ($0.99) and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, Jupiter Fund Management currently has a consensus rating of “Hold” and a consensus price target of GBX 87.40 ($1.08).

Jupiter Fund Management Price Performance

The firm has a market cap of £402.17 million, a PE ratio of -3,910.00 and a beta of 1.42. The stock has a 50 day simple moving average of GBX 82.25 and a two-hundred day simple moving average of GBX 82.99. The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70.

Insider Buying and Selling

In other news, insider James Macpherson purchased 30,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of GBX 83 ($1.03) per share, with a total value of £24,900 ($30,889.47). 25.22% of the stock is owned by corporate insiders.

Jupiter Fund Management Company Profile

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.