Jupiter Fund Management (OTCMKTS:JFHHF) Trading Up 16.6% – Time to Buy?

Shares of Jupiter Fund Management PLC (OTCMKTS:JFHHF) were up 16.6% during trading on Thursday . The stock traded as high as $1.46 and last traded at $1.46. Approximately 5,000 shares were traded during trading, an increase of 48,444% from the average daily volume of 10 shares. The stock had previously closed at $1.25.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group lowered shares of Jupiter Fund Management from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 23rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Jupiter Fund Management in a research report on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Jupiter Fund Management in a research report on Friday, May 2nd.

Jupiter Fund Management Stock Performance

The stock’s 50-day moving average is $1.13 and its 200-day moving average is $1.07.

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.