Liontrust Asset Management (LON:LIO) Stock Price Down 13% – Should You Sell?

Liontrust Asset Management PLC (LON:LIO) shares dropped 13% during mid-day trading on Thursday . The company traded as low as GBX 358 ($4.89) and last traded at GBX 358 ($4.89). Approximately 2,599,837 shares traded hands during trading, an increase of 520% from the average daily volume of 419,484 shares. The stock had previously closed at GBX 411.50 ($5.62).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their target price on Liontrust Asset Management from GBX 450 ($6.15) to GBX 330 ($4.51) and set a “hold” rating for the company in a research report on Tuesday, April 15th.

Liontrust Asset Management Trading Up 0.8%

The company has a debt-to-equity ratio of 1.48, a current ratio of 1.42 and a quick ratio of 1.35. The business’s 50 day simple moving average is GBX 367.10 and its 200 day simple moving average is GBX 401.81. The stock has a market cap of £227.96 million, a P/E ratio of 3.31, a PEG ratio of -1.70 and a beta of 1.33.

Liontrust Asset Management (LON:LIO) last announced its quarterly earnings results on Wednesday, June 25th. The company reported GBX 55.56 ($0.76) EPS for the quarter. Liontrust Asset Management had a return on equity of 39.68% and a net margin of 35.21%. On average, analysts expect that Liontrust Asset Management PLC will post 69.828816 earnings per share for the current fiscal year.

Insider Transactions at Liontrust Asset Management

In other Liontrust Asset Management news, insider Vinay Kumar Abrol purchased 1,614 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of GBX 336 ($4.59) per share, for a total transaction of £5,423.04 ($7,409.54). Also, insider John Stephen Ions sold 26,100 shares of the firm’s stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of GBX 324 ($4.43), for a total value of £84,564 ($115,540.37). 11.90% of the stock is owned by insiders.

Liontrust Asset Management Company Profile

Liontrust Asset Management Plc is a publicly owned investment manager. The firm also launches equity, fixed income, , multi-asset and managed funds for its clients. It invests into the public equity and multi-asset markets across the globe. The firm was formerly known as River and Mercantile Investment Management Limited.