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

Shares of Old Mutual Limited (LON:OMU) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 70.60 and last traded at GBX 70.60, with a volume of 7580 shares. The stock had previously closed at GBX 68.80.

Old Mutual Stock Performance

The company’s fifty day simple moving average is GBX 65.30 and its two-hundred day simple moving average is GBX 59.44. The company has a debt-to-equity ratio of 46.81, a quick ratio of 0.37 and a current ratio of 0.70. The stock has a market capitalization of £2.95 billion, a P/E ratio of 0.48 and a beta of 1.02.

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.