Jupiter Fund Management (LON:JUP) Stock Passes Above 200 Day Moving Average of $85.15

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 85.15 ($1.07) and traded as high as GBX 88.90 ($1.12). Jupiter Fund Management shares last traded at GBX 87.80 ($1.10), with a volume of 1,039,062 shares traded.

Analysts Set New Price Targets

Separately, BNP Paribas upgraded shares of Jupiter Fund Management to a "neutral" rating and set a GBX 81 ($1.02) target price on the stock in a research report on Monday, February 12th.

Jupiter Fund Management Stock Up 1.0 %

The company has a market cap of £453.35 million, a price-to-earnings ratio of -2,956.67 and a beta of 1.38. The stock's 50-day moving average is GBX 85.45 and its 200-day moving average is GBX 85.18. The company has a current ratio of 2.09, a quick ratio of 1.79 and a debt-to-equity ratio of 6.30.

Jupiter Fund Management Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, May 20th. Investors of record on Thursday, April 18th will be issued a GBX 3.40 ($0.04) dividend. This represents a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, April 18th. Jupiter Fund Management's dividend payout ratio (DPR) is currently -23,333.33%.

Jupiter Fund Management Company Profile

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.