Liontrust Asset Management (LON:LIO) Trading Down 13% - Time to Sell?

Shares of Liontrust Asset Management PLC (LON:LIO - Get Free Report) dropped 13% during mid-day trading on Thursday . The stock traded as low as GBX 358 ($4.91) and last traded at GBX 358 ($4.91). Approximately 2,599,837 shares changed hands during mid-day trading, an increase of 520% from the average daily volume of 419,484 shares. The stock had previously closed at GBX 411.50 ($5.65).

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price objective on shares of Liontrust Asset Management from GBX 450 ($6.17) to GBX 330 ($4.53) and set a "hold" rating for the company in a research note on Tuesday, April 15th.

Liontrust Asset Management Stock Performance

The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.35 and a current ratio of 1.42. The firm's 50 day moving average is GBX 369.49 and its 200-day moving average is GBX 399.22. The firm has a market cap of £251.64 million, a price-to-earnings ratio of 3.65, a price-to-earnings-growth ratio of -1.70 and a beta of 1.33.

Liontrust Asset Management (LON:LIO - Get Free Report) last released its earnings results on Wednesday, June 25th. The company reported GBX 55.56 ($0.76) earnings per share for the quarter. Liontrust Asset Management had a net margin of 35.21% and a return on equity of 39.68%. Sell-side analysts anticipate 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 news, insider John Stephen Ions sold 26,100 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of GBX 324 ($4.45), for a total transaction of £84,564 ($116,015.91). Also, insider Vinay Kumar Abrol acquired 1,614 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were bought at an average price of GBX 336 ($4.61) per share, for a total transaction of £5,423.04 ($7,440.03). Insiders own 11.90% of the company's stock.

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.