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

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

Ninety One Group Trading Down 0.9%

The stock 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. The company has a debt-to-equity ratio of 14.85, a quick ratio of 0.07 and a current ratio of 72.41. The company has a 50 day moving average of GBX 218.28 and a two-hundred day moving average of GBX 226.15.

Ninety One Group (LON:N91) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 17.40 earnings per share (EPS) for the quarter. Ninety One Group had a net margin of 19.63% and a return on equity of 28.08%. The business had revenue of £763.30 million for the quarter. Sell-side analysts anticipate that Ninety One Group will post 15.1025641 earnings per share for the current fiscal year.

Insider Activity

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

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.