Ninety One Group (LON:N91) Shares Break Above 50 Day Moving Average – What’s Next?

Ninety One Group (LON:N91)’s share price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 206.18 and traded as high as GBX 212. Ninety One Group shares last traded at GBX 207.60, with a volume of 539,384 shares trading hands.

Ninety One Group Stock Performance

The stock has a 50 day moving average price of GBX 206.18 and a two-hundred day moving average price of GBX 220.10. The company has a current ratio of 72.41, a quick ratio of 0.07 and a debt-to-equity ratio of 14.85. The company has a market cap of £2.01 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 15.99 and a beta of 0.75.

Insider Transactions at Ninety One Group

In related news, insider Kim Mary McFarland bought 21,611 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were purchased at an average price of GBX 207 per share, with a total value of £44,734.77. Also, insider Hendrik du Toit bought 12,218 shares of Ninety One Group stock in a transaction on Wednesday, September 16th. The shares were bought at an average price of GBX 210 per share, for a total transaction of £25,657.80. Insiders purchased 225,363 shares of company stock valued at $47,113,883 in the last quarter. 1.09% of the stock is currently owned by corporate insiders.

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.