Learning Technologies Group (LON:LTG) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Learning Technologies Group plc (LON:LTG) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 85.35 ($1.08) and traded as high as GBX 90.70 ($1.14). Learning Technologies Group shares last traded at GBX 90.60 ($1.14), with a volume of 910,590 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 100 ($1.26) price objective on shares of Learning Technologies Group in a research report on Wednesday, September 18th. Berenberg Bank restated a “hold” rating and issued a GBX 80 ($1.01) price target on shares of Learning Technologies Group in a report on Tuesday, September 17th.

Learning Technologies Group Stock Performance

The company has a market capitalization of £722.29 million, a price-to-earnings ratio of 2,290.00, a P/E/G ratio of 0.31 and a beta of 1.24. The stock’s 50 day moving average price is GBX 85.85 and its 200 day moving average price is GBX 80.64. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 32.65.

Learning Technologies Group Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a dividend of GBX 0.45 ($0.01) per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a yield of 0.64%. Learning Technologies Group’s dividend payout ratio (DPR) is presently 5,000.00%.

About Learning Technologies Group

Learning Technologies Group plc, together with its subsidiaries, provides talent and learning solutions, content, services, and digital platforms to corporate and government clients. The company operates in two segments, Content & Services and Software & Platforms. Its software and platforms include Gomo, a cloud-based HTML5 e-learning authoring distribution and video platform; Rustici Software, which offers software and expertise to help companies create, distribute, manage, and play e-learning-compliant content; PeopleFluent, an integrated talent management and learning solution; and Affirmity that provides a portfolio of software, consulting services, and blended learning solutions.