Ninety One Group (LON:N91) Reaches New 1-Year Low – What’s Next?

Ninety One Group (LON:N91)’s stock price hit a new 52-week low during trading on Thursday. The company traded as low as GBX 198.60 and last traded at GBX 198.70, with a volume of 220,114 shares. The stock had previously closed at GBX 203.

Ninety One Group Stock Performance

The company’s 50-day moving average price is GBX 211.78 and its two-hundred day moving average price is GBX 216. The company has a debt-to-equity ratio of 14.85, a quick ratio of 0.07 and a current ratio of 72.41. The stock has a market cap of £1.91 billion, a PE ratio of 11.66, a PEG ratio of 15.99 and a beta of 0.75.

Insider Buying and Selling at Ninety One Group

In other news, insider Kim Mary McFarland purchased 21,611 shares of the stock in a transaction on Tuesday, September 15th. The shares were acquired at an average price of GBX 207 per share, for a total transaction of £44,734.77. Also, insider Hendrik du Toit purchased 117,777 shares of the stock in a transaction on Tuesday, September 1st. The shares were purchased at an average price of GBX 210 per share, for a total transaction of £247,331.70. Insiders purchased 225,363 shares of company stock valued at $47,113,883 over the last quarter. 1.09% of the stock is owned by company insiders.

About Ninety One Group

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.