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

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

Ninety One Group Stock Down 1.8%

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 company has a market cap of £1.91 billion, a PE ratio of 11.66, a P/E/G ratio of 15.99 and a beta of 0.75. The stock has a 50-day moving average of GBX 211.78 and a 200-day moving average of GBX 216.

Insider Transactions at Ninety One Group

In other Ninety One Group news, 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, with a total value of £247,331.70. Also, insider Kim Mary McFarland purchased 21,611 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average price of GBX 207 per share, with a total value of £44,734.77. Insiders acquired a total of 225,363 shares of company stock worth $47,113,883 over the last 90 days. Corporate 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.