Liontrust Asset Management (LON:LIO) Stock Price Crosses Below 200 Day Moving Average of $1,756.36

Liontrust Asset Management PLC (LON:LIOGet Rating)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,756.36 ($22.85) and traded as low as GBX 1,206 ($15.69). Liontrust Asset Management shares last traded at GBX 1,220 ($15.87), with a volume of 72,039 shares traded.

A number of brokerages recently commented on LIO. Berenberg Bank cut their target price on Liontrust Asset Management from GBX 1,965 ($25.57) to GBX 1,850 ($24.07) and set a “hold” rating for the company in a research note on Thursday, January 20th. Peel Hunt reaffirmed a “hold” rating and set a GBX 2,367 ($30.80) price target on shares of Liontrust Asset Management in a report on Wednesday, January 19th.

The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 2.97. The stock has a market cap of £747.27 million and a price-to-earnings ratio of 15.35. The business’s fifty day simple moving average is GBX 1,297.28 and its 200 day simple moving average is GBX 1,756.36.

In other news, insider John Stephen Ions sold 49,696 shares of Liontrust Asset Management stock in a transaction on Monday, March 28th. The shares were sold at an average price of GBX 1,231 ($16.02), for a total transaction of £611,757.76 ($795,937.76). Also, insider Alastair Barbour acquired 2,175 shares of the stock in a transaction that occurred on Thursday, March 3rd. The stock was purchased at an average price of GBX 1,320 ($17.17) per share, with a total value of £28,710 ($37,353.63). Insiders purchased 46,145 shares of company stock valued at $57,902,980 in the last quarter.

Liontrust Asset Management Company Profile (LON:LIO)

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.

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