Platinum Asset Management Ltd (ASX:PTM) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.78 and traded as low as $4.00. Platinum Asset Management shares last traded at $4.11, with a volume of 1,568,239 shares changing hands.
The business’s fifty day moving average is A$4.46 and its two-hundred day moving average is A$4.78. The company has a market cap of $2.41 billion and a P/E ratio of 15.22.
The business also recently disclosed a Final dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 20th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 27th. This represents a yield of 3.49%. Platinum Asset Management’s payout ratio is 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.
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