Jupiter Fund Management (LON:JUP) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Jupiter Fund Management Plc (LON:JUP) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 79.56 ($1.05) and traded as low as GBX 68.20 ($0.90). Jupiter Fund Management shares last traded at GBX 70.40 ($0.93), with a volume of 807,428 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped their price objective on shares of Jupiter Fund Management from GBX 92 ($1.22) to GBX 80 ($1.06) and set a “neutral” rating on the stock in a report on Thursday, January 23rd.

Jupiter Fund Management Stock Performance

The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23. The firm has a 50-day moving average of GBX 74.70 and a 200 day moving average of GBX 79.56. The stock has a market capitalization of £360.66 million, a P/E ratio of -40.63 and a beta of 1.42.

Jupiter Fund Management (LON:JUP) last released its quarterly earnings data on Thursday, February 27th. The company reported GBX 13.40 ($0.18) EPS for the quarter. Jupiter Fund Management had a negative net margin of 2.34% and a negative return on equity of 1.13%. Research analysts anticipate that Jupiter Fund Management Plc will post 8.5093781 EPS for the current fiscal year.

Jupiter Fund Management Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Thursday, April 17th will be paid a GBX 2.20 ($0.03) dividend. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 2.9%. Jupiter Fund Management’s dividend payout ratio is currently -403.98%.

Insider Transactions at Jupiter Fund Management

In other news, insider Dale Jane Murray purchased 33,000 shares of Jupiter Fund Management stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of GBX 75 ($0.99) per share, for a total transaction of £24,750 ($32,794.49). Also, insider David Cruickshank acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of GBX 74 ($0.98) per share, for a total transaction of £74,000 ($98,052.21). 25.22% of the stock is currently owned by insiders.

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.