Learning Technologies Group (LON:LTG) Stock Passes Below 50-Day Moving Average of $117.28

Shares of Learning Technologies Group PLC (LON:LTG) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $117.28 and traded as low as $108.00. Learning Technologies Group shares last traded at $112.00, with a volume of 2,103,921 shares traded.

Several analysts have commented on LTG shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 140 ($1.83) target price on shares of Learning Technologies Group in a research note on Monday, September 16th. Canaccord Genuity cut shares of Learning Technologies Group to a “hold” rating and lowered their price objective for the company from GBX 130 ($1.70) to GBX 120 ($1.57) in a research note on Friday, September 20th. Peel Hunt reissued a “buy” rating on shares of Learning Technologies Group in a research note on Tuesday, September 24th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 150 ($1.96) price objective on shares of Learning Technologies Group in a research note on Monday, September 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Learning Technologies Group presently has an average rating of “Buy” and an average target price of GBX 139.67 ($1.82).

The company’s 50 day moving average price is GBX 117.28 and its 200-day moving average price is GBX 94.14. The company has a market capitalization of $748.34 million and a PE ratio of 80.00. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 27.79.

The business also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 17th will be paid a dividend of GBX 0.25 ($0.00) per share. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 0.21%. Learning Technologies Group’s dividend payout ratio is presently 0.71%.

In related news, insider Leslie-Ann Reed acquired 271,646 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was bought at an average cost of GBX 114 ($1.49) per share, with a total value of £309,676.44 ($404,647.12).

About Learning Technologies Group (LON:LTG)

Learning Technologies Group plc, through its subsidiaries, provides various e-learning services and technologies in the United Kingdom, the United States, the Asia Pacific, Mainland Europe, Canada, and internationally. The company produces interactive multimedia programs. It also engages in mobile e-learning, bespoke e-learning, and educational games businesses, as well as e-learning interoperability, and e-learning software licensing and the provision of related services, as well as operates an employee benefit trust.

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