Ninety One Group (LON:N91) Hits New 52-Week Low – Here’s What Happened

Ninety One Group (LON:N91) hit a new 52-week low during trading on Wednesday. The stock traded as low as GBX 197 and last traded at GBX 200.40, with a volume of 635,772 shares. The stock had previously closed at GBX 198.

Ninety One Group Stock Down 0.7%

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 50-day simple moving average of GBX 209.22 and a two-hundred day simple moving average of GBX 214.75. The stock has a market cap of £1.89 billion, a P/E ratio of 11.56, a PEG ratio of 15.99 and a beta of 0.75.

Insider Activity at Ninety One Group

In related news, insider Hendrik du Toit acquired 12,218 shares of the stock in a transaction on Wednesday, September 16th. The shares were purchased at an average price of GBX 210 per share, for a total transaction of £25,657.80. Also, insider Kim Mary McFarland purchased 21,611 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average cost of GBX 207 per share, with a total value of £44,734.77. Over the last quarter, insiders purchased 225,363 shares of company stock valued at $47,113,883. 1.09% of the stock is currently owned by corporate insiders.

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.