Jupiter Fund Management (LON:JUP) Trading Up 11.2% - Here's What Happened

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price rose 11.2% during mid-day trading on Thursday . The stock traded as high as GBX 121.20 ($1.63) and last traded at GBX 120.50 ($1.63). Approximately 10,969,060 shares traded hands during trading, an increase of 454% from the average daily volume of 1,981,307 shares. The stock had previously closed at GBX 108.40 ($1.46).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their target price on Jupiter Fund Management from GBX 90 ($1.21) to GBX 110 ($1.48) and gave the stock a "hold" rating in a research report on Friday.

Jupiter Fund Management Stock Performance

The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70. The stock has a fifty day simple moving average of GBX 91.89 and a two-hundred day simple moving average of GBX 81.96. The stock has a market capitalization of £636.28 million, a price-to-earnings ratio of -71.68 and a beta of 1.42.

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.