Ninety One Group (LON:N91) Shares Down 0.9% – Time to Sell?

Ninety One Group (LON:N91)’s stock price traded down 0.9% during mid-day trading on Monday . The stock traded as low as GBX 200 and last traded at GBX 206.20. Approximately 1,127,566 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 3,015,269 shares. The stock had previously closed at GBX 208.

Ninety One Group Stock Performance

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 firm has a fifty day moving average price of GBX 218.28 and a 200 day moving average price of GBX 226.15. The firm has a market cap of £1.99 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 15.99 and a beta of 0.77.

Ninety One Group (LON:N91) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 17.40 earnings per share for the quarter. Ninety One Group had a net margin of 19.63% and a return on equity of 28.08%. The firm had revenue of £763.30 million for the quarter. As a group, equities research analysts expect that Ninety One Group will post 15.1025641 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Charles Harman bought 25,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of GBX 223 per share, for a total transaction of £55,750. Also, insider Kim Mary McFarland sold 133,523 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of GBX 220, for a total transaction of £293,750.60. Insiders own 0.90% of the company’s stock.

About Ninety One Group

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.