Old Mutual (LON:OMU) Stock Price Down 8.6% – Here’s Why

Shares of Old Mutual Limited (LON:OMU) dropped 8.6% during trading on Tuesday . The company traded as low as GBX 63.80 and last traded at GBX 63.80. Approximately 423,991 shares traded hands during mid-day trading, an increase of 242% from the average daily volume of 124,066 shares. The stock had previously closed at GBX 69.80.

Old Mutual Stock Performance

The company has a market cap of £2.53 billion, a P/E ratio of 0.41 and a beta of 0.74. The business’s 50-day moving average price is GBX 70.39 and its 200 day moving average price is GBX 63.88.

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.