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

Liontrust Asset Management PLC (LON:LIO)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 536.76 ($6.61) and traded as low as GBX 396.50 ($4.88). Liontrust Asset Management shares last traded at GBX 402.50 ($4.96), with a volume of 247,293 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LIO shares. Berenberg Bank cut their price objective on 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 reissued a “hold” rating and set a GBX 500 ($6.16) price target on shares of Liontrust Asset Management in a report on Friday, November 22nd.

Liontrust Asset Management Trading Up 3.8 %

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 £260.80 million, a P/E ratio of -8,161.62, a P/E/G ratio of -1.70 and a beta of 1.33. The company has a 50-day simple moving average of GBX 450.08 and a 200-day simple moving average of GBX 533.

Liontrust Asset Management (LON:LIO) last released its quarterly earnings results on Thursday, November 21st. The company reported GBX 30.28 ($0.37) earnings per share (EPS) for the quarter. Liontrust Asset Management had a negative return on equity of 1.78% and a negative net margin of 1.76%. On average, sell-side analysts forecast that Liontrust Asset Management PLC will post 69.828816 EPS for the current fiscal year.

Liontrust Asset Management Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th were given a dividend of GBX 22 ($0.27) per share. The ex-dividend date of this dividend was Thursday, November 28th. This represents a dividend yield of 5.28%. Liontrust Asset Management’s payout ratio is -144,000.00%.

Insider Activity

In other news, insider Vinay Kumar Abrol acquired 50,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average cost of GBX 454 ($5.59) per share, for a total transaction of £227,000 ($279,453.40). Also, insider John Stephen Ions bought 12,500 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average price of GBX 400 ($4.92) per share, for a total transaction of £50,000 ($61,553.61). 11.90% of the stock is owned by 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.