Ninety One Group (LON:N91) Shares Down 0.9% – Here’s What Happened

Ninety One Group (LON:N91)’s stock price dropped 0.9% during mid-day trading on Tuesday . The company traded as low as GBX 214.60 and last traded at GBX 215.20. 514,863 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 2,574,122 shares. The stock had previously closed at GBX 217.20.

Ninety One Group Stock Down 0.9%

The firm has a market cap of £2.16 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 15.99 and a beta of 0.75. The business’s 50 day moving average price is GBX 216.21 and its 200 day moving average price is GBX 224.19. The company has a debt-to-equity ratio of 14.85, a quick ratio of 0.07 and a current ratio of 72.41.

Ninety One Group (LON:N91) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 17.40 earnings per share for the quarter. The firm had revenue of £763.30 million during the quarter. Ninety One Group had a return on equity of 28.08% and a net margin of 19.63%. On average, equities analysts forecast that Ninety One Group will post 15.1025641 EPS for the current year.

Insider Buying and Selling

In other news, insider Charles Harman acquired 25,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of GBX 223 per share, for a total transaction of £55,750. Also, insider Kim Mary McFarland sold 133,523 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of GBX 220, for a total value of £293,750.60. Insiders own 1.05% of the company’s stock.

About Ninety One Group

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.