Learning Technologies Group (LON:LTG) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Learning Technologies Group plc (LON:LTG) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 82.94 ($1.05) and traded as high as GBX 98.40 ($1.25). Learning Technologies Group shares last traded at GBX 98.10 ($1.25), with a volume of 1,518,427 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LTG shares. Berenberg Bank reaffirmed a “hold” rating and set a GBX 80 ($1.02) target price on shares of Learning Technologies Group in a research note on Tuesday, September 17th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 100 ($1.27) price objective on shares of Learning Technologies Group in a report on Wednesday, September 18th.

Learning Technologies Group Price Performance

The firm has a market cap of £776.94 million, a price-to-earnings ratio of 2,452.50, a PEG ratio of 0.31 and a beta of 1.24. The business has a fifty day simple moving average of GBX 92.61 and a 200 day simple moving average of GBX 82.94. The company has a debt-to-equity ratio of 32.65, a current ratio of 1.51 and a quick ratio of 1.11.

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.