Learning Technologies Group (LON:LTG) Stock Price Up 20%

Learning Technologies Group plc (LON:LTG) shares traded up 20% during trading on Friday . The company traded as high as GBX 93 ($1.25) and last traded at GBX 89.90 ($1.20). 5,941,198 shares changed hands during mid-day trading, an increase of 236% from the average session volume of 1,770,680 shares. The stock had previously closed at GBX 74.90 ($1.00).

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Berenberg Bank restated a “hold” rating and issued a GBX 80 ($1.07) target price on shares of Learning Technologies Group in a research note on Tuesday, September 17th. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 100 ($1.34) target price on shares of Learning Technologies Group in a research note on Wednesday, September 18th.

Learning Technologies Group Stock Up 24.6 %

The company has a market cap of £739.25 million, a PE ratio of 2,275.00, a P/E/G ratio of 0.31 and a beta of 1.24. The business has a 50-day simple moving average of GBX 70.84 and a 200-day simple moving average of GBX 78.33. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 32.65.

Learning Technologies Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 0.45 ($0.01) per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a yield of 0.64%. Learning Technologies Group’s dividend payout ratio is currently 5,000.00%.

Learning Technologies Group Company Profile

Learning Technologies Group plc, together with its subsidiaries, provides talent and learning solutions, content, services, and digital platforms to corporate and government clients. The company operates in two segments, Content & Services and Software & Platforms. Its software and platforms include Gomo, a cloud-based HTML5 e-learning authoring distribution and video platform; Rustici Software, which offers software and expertise to help companies create, distribute, manage, and play e-learning-compliant content; PeopleFluent, an integrated talent management and learning solution; and Affirmity that provides a portfolio of software, consulting services, and blended learning solutions.