Old Mutual (LON:OMU) Trading Down 2.3% – Here’s What Happened

Old Mutual Limited (LON:OMU)’s share price was down 2.3% on Tuesday . The company traded as low as GBX 60.40 and last traded at GBX 60.60. Approximately 195,944 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 184,341 shares. The stock had previously closed at GBX 62.

Old Mutual Trading Up 1.3%

The company has a 50-day moving average price of GBX 60.27 and a 200-day moving average price of GBX 64.81. The firm has a market capitalization of £2.40 billion, a price-to-earnings ratio of 0.32 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.