Ninety One Group (LON:N91) Hits New 1-Year Low – Should You Sell?

Ninety One Group (LON:N91)’s stock price hit a new 52-week low on Friday. The company traded as low as GBX 198.60 and last traded at GBX 204.80, with a volume of 171,306 shares traded. The stock had previously closed at GBX 202.60.

Ninety One Group Stock Performance

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 market capitalization of £1.97 billion, a P/E ratio of 12.02, a P/E/G ratio of 15.99 and a beta of 0.75. The business’s fifty day simple moving average is GBX 212.65 and its 200-day simple moving average is GBX 216.49.

Insider Transactions at Ninety One Group

In other news, insider Hendrik du Toit bought 117,777 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average cost of GBX 210 per share, for a total transaction of £247,331.70. Also, insider Kim Mary McFarland bought 21,611 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average price of GBX 207 per share, for a total transaction of £44,734.77. In the last 90 days, insiders have bought 225,363 shares of company stock valued at $47,113,883. Company insiders own 1.09% of the company’s stock.

About Ninety One Group

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.