Old Mutual (LON:OMU) Sets New 1-Year High – Still a Buy?

Old Mutual Limited (LON:OMU)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 70.37 and last traded at GBX 70.37, with a volume of 42951 shares changing hands. The stock had previously closed at GBX 68.

Old Mutual Price Performance

The company has a debt-to-equity ratio of 46.81, a current ratio of 0.70 and a quick ratio of 0.37. The company has a market capitalization of £2.93 billion, a PE ratio of 0.47 and a beta of 1.02. The stock’s 50 day simple moving average is GBX 64.58 and its 200-day simple moving average is GBX 58.87.

Insider Buying and Selling at Old Mutual

In other Old Mutual news, insider Jan-Hendrik Erasmus bought 212,716 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average cost of GBX 62 per share, with a total value of £131,883.92. Company insiders own 0.21% of the company’s stock.

Old Mutual Company Profile

Old Mutual Limited, together with its subsidiaries, provides financial services primarily in South Africa and rest of Africa. The company operates through Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Old Mutual Africa Regions segments. It offers risk products, including group risk and funeral covers; savings; lending; and transactional products. It also provides financial advice, investment, and income products, as well as asset management services.