Ninety One Group (LON:N91) Shares Up 0.5% – What’s Next?

Ninety One Group (LON:N91)’s stock price traded up 0.5% during mid-day trading on Tuesday . The stock traded as high as GBX 214.16 and last traded at GBX 213.52. Approximately 657,760 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 2,738,742 shares. The stock had previously closed at GBX 212.40.

Ninety One Group Stock Up 0.5%

The firm has a market capitalization of £2.05 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 15.99 and a beta of 0.76. The business has a 50 day simple moving average of GBX 217.47 and a 200-day simple moving average of GBX 226.42. 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 posted its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 17.40 EPS for the quarter. Ninety One Group had a return on equity of 28.08% and a net margin of 19.63%.The business had revenue of £763.30 million for the quarter. On average, equities analysts expect that Ninety One Group will post 15.1025641 EPS for the current year.

Insiders Place Their Bets

In other news, insider Hendrik du Toit purchased 271 shares of the company’s stock in a transaction dated Friday, July 3rd. The stock was acquired at an average price of GBX 214 per share, with a total value of £579.94. Also, insider Charles Harman purchased 25,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of GBX 223 per share, with a total value of £55,750. 0.56% of the stock is owned by insiders.

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.