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

Liontrust Asset Management PLC (LON:LIO - Get Free Report)'s share price dropped 13% during trading on Wednesday . 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).

Analysts Set New Price Targets

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

Liontrust Asset Management Price Performance

The stock has a market cap of £226.07 million, a price-to-earnings ratio of 3.28, a price-to-earnings-growth ratio of -1.70 and a beta of 1.33. 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 company has a 50-day simple moving average of GBX 367.10 and a two-hundred day simple moving average of GBX 401.81.

Liontrust Asset Management (LON:LIO - Get Free Report) last announced its quarterly 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 return on equity of 39.68% and a net margin of 35.21%. As a group, equities research analysts forecast that Liontrust Asset Management PLC will post 69.828816 EPS for the current year.

Insider Buying and Selling at Liontrust Asset Management

In other news, insider Vinay Kumar Abrol bought 1,614 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of GBX 336 ($4.59) per share, with a total value of £5,423.04 ($7,409.54). Also, 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 ($4.43), for a total transaction of £84,564 ($115,540.37). Insiders own 11.90% of the company's stock.

About Liontrust Asset Management

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.

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