Jupiter Fund Management (LON:JUP) Shares Pass Below 200-Day Moving Average of $83.65

Jupiter Fund Management Plc (LON:JUP)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Ratings Changes

Several equities research analysts have issued reports on JUP shares. Barclays downgraded Jupiter Fund Management to an “underweight” rating and set a GBX 85 ($1.07) target price on the stock. in a research report on Thursday, April 11th. BNP Paribas upgraded shares of Jupiter Fund Management to a “neutral” rating and set a GBX 81 ($1.02) target price on the stock in a research note on Monday, February 12th.

Jupiter Fund Management Stock Up 2.7 %

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

Jupiter Fund Management Cuts Dividend

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

Jupiter Fund Management Company Profile

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.