Old Mutual (LON:OMU) Shares Up 2.3% – Still a Buy?

Old Mutual Limited (LON:OMUGet Free Report)’s share price rose 2.3% during mid-day trading on Friday . The stock traded as high as GBX 62.40 and last traded at GBX 61.60. Approximately 370,132 shares were traded during trading, an increase of 90% from the average daily volume of 194,772 shares. The stock had previously closed at GBX 60.20.

Old Mutual Stock Performance

The firm has a fifty day simple moving average of GBX 60.42 and a 200-day simple moving average of GBX 64.77. The firm has a market cap of £2.47 billion, a price-to-earnings ratio of 0.32 and a beta of 0.69.

About Old Mutual

(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. 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.

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