London Stock Exchange Group (OTCMKTS:LNSTY) Reaches New 1-Year Low - Here's Why

Key Points

• The London Stock Exchange Group's stock hit a new 52-week low at $29.42 during trading, down from a previous close of $29.90.
• Despite this decline, BNP Paribas upgraded the stock's rating from "hold" to "strong-buy," with two analysts also giving it a strong buy status.
• The company recently announced a dividend of $0.124 per share which will be paid on October 2nd, indicating a significant dividend yield of 107.0%.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $29.42 and last traded at $29.47, with a volume of 351138 shares. The stock had previously closed at $29.90.

Analyst Ratings Changes

Separately, BNP Paribas raised London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company has an average rating of "Strong Buy".

London Stock Exchange Group Stock Down 1.4%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50-day moving average price of $33.18 and a two-hundred day moving average price of $36.06.

London Stock Exchange Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.124 per share. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 107.0%.

About London Stock Exchange Group

London Stock Exchange Group plc operates as a financial markets infrastructure and data provider primarily in the United Kingdom and internationally. The company operates in three segments: Data & Analytics, Capital Markets, and Post Trade. It operates a range of international equity, fixed income, exchange-traded funds/exchange-traded products, and foreign exchange markets through the London Stock Exchange, AIM, Turquoise, FXall, Matching, and Tradeweb.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.