Jupiter Fund Management (LON:JUP) Stock Passes Below 200 Day Moving Average of $83.65

Jupiter Fund Management Plc (LON:JUP)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 83.65 ($1.05) and traded as low as GBX 77.20 ($0.97). Jupiter Fund Management shares last traded at GBX 78.70 ($0.99), with a volume of 613,825 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BNP Paribas raised Jupiter Fund Management to a “neutral” rating and set a GBX 81 ($1.02) price target for the company in a research report on Monday, February 12th. Barclays cut shares of Jupiter Fund Management to an “underweight” rating and set a GBX 85 ($1.07) target price for the company. in a report on Thursday, April 11th.

Jupiter Fund Management Stock Performance

The company has a market capitalization of £412.92 million, a PE ratio of -2,623.33 and a beta of 1.39. The firm has a 50-day moving average of GBX 85.31 and a two-hundred day moving average of GBX 83.65. The company has a quick ratio of 1.79, a current ratio of 2.09 and a debt-to-equity ratio of 11.88.

Jupiter Fund Management Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, May 20th. Investors of record on Thursday, April 18th will be paid a GBX 3.40 ($0.04) dividend. This represents a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, April 18th. Jupiter Fund Management’s dividend payout ratio is currently -23,333.33%.

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.