Ninety One Group (LON:N91) Trading 4.4% Higher – Here’s What Happened

Ninety One Group (LON:N91)’s stock price was up 4.4% during mid-day trading on Wednesday . The stock traded as high as GBX 237.40 and last traded at GBX 237.40. Approximately 458,483 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 2,603,135 shares. The stock had previously closed at GBX 227.40.

Ninety One Group Stock Up 0.3%

The company has a debt-to-equity ratio of 39.25, a quick ratio of 0.07 and a current ratio of 1,371.96. The company has a fifty day simple moving average of GBX 239.38 and a two-hundred day simple moving average of GBX 224.07. The firm has a market capitalization of £2.11 billion, a PE ratio of 12.74, a PEG ratio of 15.99 and a beta of 0.82.

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.