Old Mutual (LON:OMU) Shares Up 0.3% – Here’s Why

Old Mutual Limited (LON:OMU)’s stock 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 mid-day 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 Stock Performance

The firm’s 50 day moving average price is GBX 61.92 and its two-hundred day moving average price is GBX 64.87. The firm has a market cap of £2.34 billion, a PE ratio of 0.31 and a beta of 0.69.

Old Mutual Company Profile

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.