Ninety One Group (LON:N91) Hits New 52-Week Low – Here’s Why

Ninety One Group (LON:N91)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as GBX 197 and last traded at GBX 200.40, with a volume of 635,772 shares. The stock had previously closed at GBX 198.

Ninety One Group Stock Performance

The company has a quick ratio of 0.07, a current ratio of 72.41 and a debt-to-equity ratio of 14.85. The business has a fifty day simple moving average of GBX 209.98 and a 200 day simple moving average of GBX 215.22. The company has a market cap of £1.92 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 15.99 and a beta of 0.75.

Insider Transactions at Ninety One Group

In related news, insider Kim Mary McFarland acquired 21,611 shares of Ninety One Group stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average price of GBX 207 per share, for a total transaction of £44,734.77. Also, insider Hendrik du Toit acquired 117,777 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average cost of GBX 210 per share, for a total transaction of £247,331.70. Insiders bought a total of 225,363 shares of company stock valued at $47,113,883 in the last quarter. Insiders own 1.09% of the company’s stock.

Ninety One Group Company Profile

Ninety One Group operates as an independent global asset manager worldwide. It serves private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations, and central banks, as well as large retail financial groups, wealth managers, public and private equity as well as debt, private banks, and intermediaries. It seeks to invest in South African companies struggling with the economic fallout from the spread of coronavirus. Ninety One Group was founded in 1991 and is headquartered in Cape Town, South Africa with additional offices in Africa.