Ninety One Group (LON:N91) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Ninety One Group (LON:N91) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 206.18 and traded as high as GBX 212. Ninety One Group shares last traded at GBX 207.60, with a volume of 539,384 shares trading hands.

Ninety One Group Trading Up 0.5%

The company has a debt-to-equity ratio of 14.85, a current ratio of 72.41 and a quick ratio of 0.07. The stock’s 50-day moving average is GBX 206.03 and its two-hundred day moving average is GBX 219.79. The company has a market cap of £1.99 billion, a P/E ratio of 12.18, a P/E/G ratio of 15.99 and a beta of 0.75.

Insider Activity

In other Ninety One Group news, insider Hendrik du Toit acquired 117,777 shares of the stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average cost of GBX 210 per share, for a total transaction of £247,331.70. Also, insider Kim Mary McFarland purchased 21,611 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average cost of GBX 207 per share, for a total transaction of £44,734.77. Insiders bought 225,363 shares of company stock worth $47,113,883 in the last ninety days. Corporate 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.