Ninety One Group (LON:N91) Shares Down 0.2% - Time to Sell?

Key Points

• Shares down 0.2% — the stock fell to GBX 213.60 mid-day on Tuesday with 767,260 shares traded, a 66% decline from its average session volume.
• The stock is trading below both its 50-day (GBX 228.95) and 200-day (GBX 226.36) moving averages; the company has a market cap of £1.93 billion and a P/E of 11.67.
• Ninety One is an independent global asset manager based in Cape Town; reported metrics show leverage and liquidity considerations, including a debt-to-equity ratio of 39.25 and a very low quick ratio of 0.07.

Ninety One Group (LON:N91 - )'s stock price fell 0.2% during mid-day trading on Tuesday . The stock traded as low as GBX 212.20 and last traded at GBX 213.60. 767,260 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 2,278,250 shares. The stock had previously closed at GBX 214.

Ninety One Group Trading Down 0.2%

The business's 50-day moving average price is GBX 228.95 and its 200 day moving average price is GBX 226.36. The company has a debt-to-equity ratio of 39.25, a current ratio of 1,371.96 and a quick ratio of 0.07. The firm has a market capitalization of £1.93 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 15.99 and a beta of 0.82.

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.

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