Old Mutual (LON:OMU) Shares Down 7.5% – What’s Next?

Shares of Old Mutual Limited (LON:OMU) traded down 7.5% during mid-day trading on Friday . The company traded as low as GBX 59 and last traded at GBX 59.36. 305,934 shares traded hands during trading, an increase of 61% from the average session volume of 189,515 shares. The stock had previously closed at GBX 64.20.

Old Mutual Trading Down 8.1%

The stock’s 50-day moving average is GBX 61.48 and its 200-day moving average is GBX 64.86. The firm has a market capitalization of £2.37 billion, a price-to-earnings ratio of 0.31 and a beta of 0.69.

About Old Mutual

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.