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

Shares of Learning Technologies Group plc (LON:LTG) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Analyst Upgrades and Downgrades

LTG has been the topic of several research reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 80 ($1.01) target price on shares of Learning Technologies Group in a research report on Tuesday, September 17th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 100 ($1.26) price objective on shares of Learning Technologies Group in a report on Wednesday, September 18th.

Learning Technologies Group Stock Down 1.4 %

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

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. This represents a yield of 0.64%. The ex-dividend date was Thursday, October 3rd. Learning Technologies Group’s dividend payout ratio is currently 5,000.00%.

Learning Technologies Group Company Profile

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.