Learning Technologies Group (LON:LTG) Share Price Passes Above 50-Day Moving Average – Here’s Why

Learning Technologies Group plc (LON:LTG)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 93.71 ($1.16) and traded as high as GBX 98 ($1.21). Learning Technologies Group shares last traded at GBX 97.90 ($1.21), with a volume of 1,873,319 shares changing hands.

Wall Street Analysts Forecast Growth

LTG has been the subject of several recent research reports. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 100 ($1.24) target price on shares of Learning Technologies Group in a research note on Wednesday, September 18th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 80 ($0.99) price objective on shares of Learning Technologies Group in a report on Tuesday, September 17th.

Learning Technologies Group Trading Up 0.1 %

The company has a debt-to-equity ratio of 32.65, a quick ratio of 1.11 and a current ratio of 1.51. The firm has a market cap of £776.15 million, a P/E ratio of 2,450.00, a P/E/G ratio of 0.31 and a beta of 1.24. The firm has a 50 day simple moving average of GBX 93.80 and a 200 day simple moving average of GBX 84.17.

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.