Ninety One Group (LON:N91) Reaches New 1-Year Low – Here’s What Happened

Ninety One Group (LON:N91) shares reached a new 52-week low during trading on Wednesday. The company traded as low as GBX 198.80 and last traded at GBX 209.60, with a volume of 24135 shares trading hands. The stock had previously closed at GBX 207.40.

Ninety One Group Price Performance

The firm has a market cap of £1.97 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 15.99 and a beta of 0.75. The company has a current ratio of 72.41, a quick ratio of 0.07 and a debt-to-equity ratio of 14.85. The company has a 50 day moving average of GBX 213.57 and a 200 day moving average of GBX 217.30.

Insider Transactions at Ninety One Group

In other Ninety One Group news, insider Hendrik du Toit purchased 117,777 shares of the stock in a transaction on Tuesday, September 1st. The stock was bought at an average cost of GBX 210 per share, for a total transaction of £247,331.70. Also, insider Kim Mary McFarland purchased 21,611 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of GBX 207 per share, for a total transaction of £44,734.77. Over the last three months, insiders acquired 225,363 shares of company stock valued at $47,113,883. Insiders own 1.09% of the company’s stock.

Ninety One Group Company Profile

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.