Ninety One Group (LON:N91) Stock Price Down 12.5% – Should You Sell?

Ninety One Group (LON:N91)’s stock price fell 12.5% during trading on Tuesday . The stock traded as low as GBX 200.80 and last traded at GBX 203.60. 338,688 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 2,534,514 shares. The stock had previously closed at GBX 232.60.

Ninety One Group Stock Performance

The company’s fifty day simple moving average is GBX 236.94 and its 200 day simple moving average is GBX 224.96. The company has a current ratio of 1,371.96, a quick ratio of 0.07 and a debt-to-equity ratio of 39.25. The stock has a market capitalization of £1.94 billion, a P/E ratio of 11.70, a P/E/G ratio of 15.99 and a beta of 0.82.

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.