Old Mutual (LON:OMU) Stock Price Down 2.6% – What’s Next?

Old Mutual Limited (LON:OMU) shares fell 2.6% during mid-day trading on Wednesday . The company traded as low as GBX 59.20 and last traded at GBX 59.20. 1,254,505 shares were traded during trading, an increase of 522% from the average daily volume of 201,585 shares. The stock had previously closed at GBX 60.80.

Old Mutual Stock Performance

The firm’s 50 day simple moving average is GBX 60.39 and its 200 day simple moving average is GBX 64.05. The firm has a market capitalization of £2.36 billion, a price-to-earnings ratio of 0.31 and a beta of 0.61. The company has a debt-to-equity ratio of 36.65, a quick ratio of 0.37 and a current ratio of 0.36.

About Old Mutual

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.