Ninety One Group (LON:N91) Trading Down 0.9% – Should You Sell?

Shares of Ninety One Group (LON:N91) were down 0.9% on Tuesday . The company traded as low as GBX 214.60 and last traded at GBX 215.20. Approximately 514,863 shares were traded during trading, a decline of 80% from the average daily volume of 2,574,122 shares. The stock had previously closed at GBX 217.20.

Ninety One Group Price Performance

The company has a debt-to-equity ratio of 14.85, a current ratio of 72.41 and a quick ratio of 0.07. The company has a 50-day simple moving average of GBX 216.12 and a 200-day simple moving average of GBX 224.46. The stock has a market cap of £2.14 billion, a PE ratio of 12.58, a PEG ratio of 15.99 and a beta of 0.75.

Ninety One Group (LON:N91) last issued its earnings results on Wednesday, June 3rd. The company reported GBX 17.40 EPS for the quarter. The company had revenue of £763.30 million for the quarter. Ninety One Group had a net margin of 19.63% and a return on equity of 28.08%. Sell-side analysts anticipate that Ninety One Group will post 15.1025641 EPS for the current fiscal year.

Insider Activity

In related news, insider Charles Harman acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of GBX 223 per share, with a total value of £55,750. Also, insider Hendrik du Toit bought 271 shares of the stock in a transaction on Friday, July 3rd. The shares were bought at an average price of GBX 214 per share, for a total transaction of £579.94. 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.