Investec Group (LON:INVP) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Investec Group's stock price recently surpassed its 200-day moving average, trading as high as GBX 550 ($7.43) before closing at GBX 529.67 ($7.15).
• The company has a market capitalization of £4.48 billion and reported a quarterly earnings per share (EPS) of GBX 79.10 ($1.07) with a net margin of 43.98%.
• Insider Fani Titi recently sold over 156,000 shares of the company, and in total, insiders have sold 1,168,381 shares valued at approximately $625 million in the last three months.

Investec Group (LON:INVP - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 509.41 ($6.88) and traded as high as GBX 550 ($7.43). Investec Group shares last traded at GBX 529.67 ($7.15), with a volume of 906,569 shares trading hands.

Investec Group Stock Performance

The firm has a market cap of £4.48 billion, a PE ratio of 8.13, a PEG ratio of 0.67 and a beta of 1.05. The firm's 50 day moving average price is GBX 540.55 and its two-hundred day moving average price is GBX 509.41.

Investec Group (LON:INVP - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported GBX 79.10 ($1.07) earnings per share (EPS) for the quarter. Investec Group had a net margin of 43.98% and a return on equity of 11.67%. On average, analysts forecast that Investec Group will post 70.0000031 earnings per share for the current year.

Insiders Place Their Bets

In other Investec Group news, insider Fani Titi sold 156,635 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of GBX 532 ($7.19), for a total transaction of £833,298.20 ($1,125,622.32). Also, insider Stephen Koseff sold 300,000 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of GBX 565 ($7.63), for a total transaction of £1,695,000 ($2,289,612.32). In the last three months, insiders have sold 1,168,381 shares of company stock valued at $624,586,607. Insiders own 4.96% of the company's stock.

Investec Group Company Profile

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.

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