Platinum Asset Management Ltd (ASX:PTM)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.34 and traded as low as $4.09. Platinum Asset Management shares last traded at $4.11, with a volume of 1,029,594 shares.
The business’s 50 day moving average price is A$4.29 and its 200-day moving average price is A$4.73. The firm has a market capitalization of $2.38 billion and a price-to-earnings ratio of 15.00.
The firm also recently announced a Final dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 20th were given a $0.14 dividend. This represents a yield of 3.49%. The ex-dividend date of this dividend was Tuesday, August 27th. Platinum Asset Management’s dividend payout ratio is presently 100.00%.
Platinum Asset Management is a publicly owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It also caters to pension and profit sharing plans and corporations. The firm launches and manages equity mutual funds for its clients. It also launches and manages hedge funds for its clients.
Read More: Investing strategies using the yield curve
Receive News & Ratings for Platinum Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Platinum Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.