Jupiter Fund Management (LON:JUP) Shares Up 11.2% - Should You Buy?

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s share price shot up 11.2% during mid-day trading on Thursday . The company traded as high as GBX 121.20 ($1.65) and last traded at GBX 120.50 ($1.64). 10,969,060 shares changed hands during mid-day trading, an increase of 454% from the average session volume of 1,981,307 shares. The stock had previously closed at GBX 108.40 ($1.47).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Jupiter Fund Management from GBX 90 ($1.22) to GBX 110 ($1.49) and gave the company a "hold" rating in a report on Friday.

Jupiter Fund Management Price 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 company's 50 day moving average price is GBX 90.93 and its 200 day moving average price is GBX 81.70. The company has a market cap 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.