Learning Technologies Group (LON:LTG) Shares Pass Below 50-Day Moving Average of $161.74

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Learning Technologies Group plc (LON:LTG) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 161.74 ($2.11) and traded as low as GBX 156.20 ($2.04). Learning Technologies Group shares last traded at GBX 161.70 ($2.11), with a volume of 1,778,640 shares traded.

Several brokerages have issued reports on LTG. Canaccord Genuity reissued a “hold” rating and issued a GBX 175 ($2.29) price objective on shares of Learning Technologies Group in a research note on Tuesday, March 30th. Berenberg Bank raised their price objective on shares of Learning Technologies Group from GBX 230 ($3.00) to GBX 250 ($3.27) and gave the stock a “buy” rating in a research note on Monday, February 15th.

The company’s 50 day moving average price is GBX 161.43 and its 200 day moving average price is GBX 153.09. The company has a quick ratio of 1.52, a current ratio of 1.57 and a debt-to-equity ratio of 10.66. The firm has a market capitalization of £1.21 billion and a price-to-earnings ratio of 66.96.

The business also recently disclosed a dividend, which will be paid on Friday, June 25th. Stockholders of record on Thursday, June 3rd will be paid a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date of this dividend is Thursday, June 3rd. This represents a dividend yield of 0.32%. Learning Technologies Group’s payout ratio is currently 0.31%.

In other news, insider Leslie-Ann Reed sold 1,856,547 shares of Learning Technologies Group stock in a transaction on Wednesday, February 17th. The shares were sold at an average price of £175.40 ($229.16), for a total transaction of £325,638,343.80 ($425,448,580.87).

About Learning Technologies Group (LON:LTG)

Learning Technologies Group plc, together with its subsidiaries, provides a range of talent and learning solutions, content, services, and digital platforms to corporate and government clients. It operates through Software & Platforms Division, Content & Services Division, and Other segments.

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