Old Mutual (LON:OMU) Shares Down 7.5% – What’s Next?

Old Mutual Limited (LON:OMU)’s share price traded down 7.5% on Friday . The stock traded as low as GBX 59 and last traded at GBX 59.36. 305,934 shares traded hands during mid-day trading, an increase of 61% from the average session volume of 189,515 shares. The stock had previously closed at GBX 64.20.

Old Mutual Stock Performance

The stock has a market cap of £2.37 billion, a price-to-earnings ratio of 0.31 and a beta of 0.69. The company’s 50 day simple moving average is GBX 61.65 and its two-hundred day simple moving average is GBX 64.91.

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.