Learning Technologies Group (LON:LTG) Shares Pass Below Two Hundred Day Moving Average of $78.40

Learning Technologies Group plc (LON:LTG) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 78.40 ($1.05) and traded as low as GBX 73.25 ($0.98). Learning Technologies Group shares last traded at GBX 75.60 ($1.01), with a volume of 2,391,900 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LTG shares. Berenberg Bank restated a “hold” rating and issued a GBX 80 ($1.07) price target on shares of Learning Technologies Group in a research note on Tuesday, September 17th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set 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 Performance

The stock has a market cap of £598.74 million, a price-to-earnings ratio of 1,890.00, a PEG ratio of 0.31 and a beta of 1.24. The company’s 50 day simple moving average is GBX 71.05 and its 200 day simple moving average is GBX 78.40. The company has a debt-to-equity ratio of 32.65, a quick ratio of 1.11 and a current ratio of 1.51.

Learning Technologies Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be issued a GBX 0.45 ($0.01) dividend. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, October 3rd. Learning Technologies Group’s dividend payout ratio (DPR) is presently 5,000.00%.

About Learning Technologies Group

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.