Jupiter Fund Management (LON:JUP) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Jupiter Fund Management Plc (LON:JUP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 82.65 ($1.04) and traded as low as GBX 77.60 ($0.98). Jupiter Fund Management shares last traded at GBX 81 ($1.02), with a volume of 814,355 shares.

Analysts Set New Price Targets

Separately, Citigroup dropped their price target on Jupiter Fund Management from GBX 92 ($1.16) to GBX 80 ($1.01) and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 89 ($1.12).

Jupiter Fund Management Trading Up 3.8 %

The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70. The business has a 50 day moving average of GBX 81.49 and a two-hundred day moving average of GBX 82.65. The firm has a market capitalization of £414.97 million, a price-to-earnings ratio of -46.75 and a beta of 1.42.

Insiders Place Their Bets

In related news, insider James Macpherson acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of GBX 83 ($1.05) per share, with a total value of £24,900 ($31,415.59). Corporate insiders own 25.22% of the company’s stock.

About Jupiter Fund Management

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds.