Platinum Asset Management (ASX:PTM) Stock Passes Below 200-Day Moving Average of $4.78

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 trading hands.

The company has a market capitalization of $2.41 billion and a PE ratio of 15.22. The company’s 50 day moving average is A$4.46 and its two-hundred day moving average is A$4.78.

The business also recently announced a Final dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 20th will be paid 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%.

About Platinum Asset Management (ASX:PTM)

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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