Jupiter Fund Management (LON:JUP) Share Price Crosses Above 200 Day Moving Average - Here's Why

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 82.92 ($1.04) and traded as high as GBX 86.70 ($1.09). Jupiter Fund Management shares last traded at GBX 86.40 ($1.08), with a volume of 121,896 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 100 ($1.25) target price on shares of Jupiter Fund Management in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 89.25 ($1.12).

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 company has a fifty day moving average of GBX 82.83 and a 200 day moving average of GBX 82.98. The firm has a market capitalization of £444.34 million, a P/E ratio of -4,320.00 and a beta of 1.42.

Insider Transactions at Jupiter Fund Management

In other Jupiter Fund Management news, insider James Macpherson bought 30,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of GBX 83 ($1.04) per share, for a total transaction of £24,900 ($31,203.01). 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.