Old Mutual (LON:OMU) Stock Price Up 1.3% – Here’s Why

Shares of Old Mutual Limited (LON:OMU) traded up 1.3% on Tuesday. The stock traded as high as GBX 63.40 and last traded at GBX 63. 267,415 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 223,443 shares. The stock had previously closed at GBX 62.20.

Old Mutual Stock Up 1.3%

The business has a fifty day simple moving average of GBX 60.51 and a 200-day simple moving average of GBX 60.54. The firm has a market cap of £2.55 billion, a P/E ratio of 0.33 and a beta of 0.59.

Old Mutual Company Profile

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.