Ninety One Group (LON:N91) Shares Down 0.9% – Should You Sell?

Ninety One Group (LON:N91)’s share price traded down 0.9% during trading on Tuesday . The stock traded as low as GBX 214.60 and last traded at GBX 215.20. 514,863 shares traded hands during trading, a decline of 80% from the average daily volume of 2,574,122 shares. The stock had previously closed at GBX 217.20.

Ninety One Group Trading Down 0.9%

The company has a quick ratio of 0.07, a current ratio of 72.41 and a debt-to-equity ratio of 14.85. The company has a fifty day moving average of GBX 216.12 and a two-hundred day moving average of GBX 224.46. The stock has a market capitalization of £2.14 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 15.99 and a beta of 0.75.

Ninety One Group (LON:N91) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 17.40 EPS for the quarter. Ninety One Group had a net margin of 19.63% and a return on equity of 28.08%. The company had revenue of £763.30 million during the quarter. On average, research analysts expect that Ninety One Group will post 15.1025641 EPS for the current year.

Insider Buying and Selling

In other Ninety One Group news, insider Hendrik du Toit acquired 271 shares of the stock in a transaction on Friday, July 3rd. The shares were bought at an average price of GBX 214 per share, with a total value of £579.94. Also, insider Kim Mary McFarland sold 133,523 shares of Ninety One Group 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. 1.05% of the stock is currently owned by corporate insiders.

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.