Liontrust Asset Management (LON:LIO) Shares Pass Below 200 Day Moving Average – Here’s Why

Liontrust Asset Management PLC (LON:LIO) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 554.62 ($6.82) and traded as low as GBX 456 ($5.61). Liontrust Asset Management shares last traded at GBX 462 ($5.68), with a volume of 202,594 shares.

Wall Street Analysts Forecast Growth

LIO has been the subject of a number of research reports. Berenberg Bank reduced their target price on shares of Liontrust Asset Management from GBX 215 ($2.65) to GBX 195 ($2.40) and set a “hold” rating for the company in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 500 ($6.15) target price on shares of Liontrust Asset Management in a report on Friday, November 22nd.

Liontrust Asset Management Price Performance

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 firm’s fifty day moving average is GBX 458.94 and its two-hundred day moving average is GBX 552.29. The company has a market cap of £278.33 million, a P/E ratio of -8,710.00, a P/E/G ratio of -1.70 and a beta of 1.33.

Liontrust Asset Management Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th were issued a GBX 22 ($0.27) dividend. The ex-dividend date was Thursday, November 28th. This represents a yield of 5.28%. Liontrust Asset Management’s dividend payout ratio is currently -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 on Thursday, November 21st. The stock was acquired at an average price of GBX 454 ($5.59) per share, for a total transaction of £227,000 ($279,315.86). 11.90% of the stock is currently owned by company insiders.

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.