Old Mutual (LON:OMU) Hits New 52-Week High – Time to Buy?

Old Mutual Limited (LON:OMUGet Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 63.40 and last traded at GBX 62.20, with a volume of 974213 shares changing hands. The stock had previously closed at GBX 60.

Old Mutual Stock Up 3.7%

The firm has a 50-day moving average of GBX 58.23 and a two-hundred day moving average of GBX 53.09. The stock has a market capitalization of £2.61 billion, a price-to-earnings ratio of 0.42 and a beta of 1.02. The company has a quick ratio of 0.37, a current ratio of 0.70 and a debt-to-equity ratio of 46.81.

Insider Activity

In other Old Mutual news, insider Jan-Hendrik Erasmus sold 17,205 shares of Old Mutual stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of GBX 61, for a total value of £10,495.05. 0.19% of the stock is currently owned by corporate insiders.

Old Mutual Company Profile

(Get Free Report)

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.

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