Jupiter Fund Management (LON:JUP) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Jupiter Fund Management Plc (LON:JUP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 82.99 ($1.03) and traded as low as GBX 77.50 ($0.96). Jupiter Fund Management shares last traded at GBX 78.20 ($0.97), with a volume of 403,179 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their target price on shares of Jupiter Fund Management from GBX 92 ($1.14) to GBX 80 ($0.99) and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 87.40 ($1.08).

Jupiter Fund Management Price Performance

The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The firm has a 50-day moving average of GBX 82.25 and a 200-day moving average of GBX 82.99. The stock has a market cap of £402.17 million, a PE ratio of -3,910.00 and a beta of 1.42.

Insiders Place Their Bets

In related news, insider James Macpherson purchased 30,000 shares of Jupiter Fund Management stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of GBX 83 ($1.03) per share, for a total transaction of £24,900 ($30,889.47). 25.22% of the stock is currently owned by corporate insiders.

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.