Liontrust Asset Management (LON:LIO) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Liontrust Asset Management PLC (LON:LIO) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 580.86 ($7.30) and traded as low as GBX 449.50 ($5.65). Liontrust Asset Management shares last traded at GBX 457 ($5.74), with a volume of 270,082 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Berenberg Bank cut their target price on Liontrust Asset Management from GBX 215 ($2.70) to GBX 195 ($2.45) and set a “hold” rating on the stock in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 500 ($6.28) price objective on shares of Liontrust Asset Management in a research note on Friday, November 22nd.

Liontrust Asset Management Trading Up 0.2 %

The company has a market cap of £292.07 million, a P/E ratio of -9,140.00, a P/E/G ratio of -1.70 and a beta of 1.33. The business has a fifty day simple moving average of GBX 461.73 and a 200 day simple moving average of GBX 580.86. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.35 and a current ratio of 1.42.

Liontrust Asset Management Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th will be issued a GBX 22 ($0.28) dividend. This represents a yield of 5.28%. The ex-dividend date of this dividend is Thursday, November 28th. Liontrust Asset Management’s dividend payout ratio is presently -144,000.00%.

Insider Buying and Selling at Liontrust Asset Management

In related news, insider Vinay Kumar Abrol bought 50,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was bought at an average cost of GBX 454 ($5.71) per share, for a total transaction of £227,000 ($285,283.40). 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.