Old Mutual (LON:OMU) Trading 0.3% Higher – Should You Buy?

Old Mutual Limited (LON:OMU)’s share price shot up 0.3% during mid-day trading on Tuesday . The stock traded as high as GBX 58.40 and last traded at GBX 58.40. 151,339 shares were traded during trading, a decline of 19% from the average session volume of 186,069 shares. The stock had previously closed at GBX 58.20.

Old Mutual Price Performance

The company has a market capitalization of £2.34 billion, a price-to-earnings ratio of 0.31 and a beta of 0.69. The stock has a fifty day simple moving average of GBX 61.92 and a 200-day simple moving average of GBX 64.87.

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.