Ninety One Group (LON:N91) Shares Down 12.5% - Here's Why

Key Points

• Shares fell 12.5% on Tuesday to GBX 203.60 (intraday low GBX 200.80) with just 338,688 shares traded, an 87% decline from the average session volume, after a prior close of GBX 232.60.
• The stock is trading below both its 50‑day (GBX 238.76) and 200‑day (GBX 224.97) moving averages; market capitalization is £1.91 billion with a P/E of 11.56 and PEG of 15.99.
• Ninety One Group is an independent global asset manager headquartered in Cape Town, serving pension funds, sovereign wealth funds, insurers, wealth managers and other institutional and retail clients.

Ninety One Group (LON:N91 - ) shares fell 12.5% on Tuesday . The stock traded as low as GBX 200.80 and last traded at GBX 203.60. 338,688 shares traded hands during trading, a decline of 87% from the average session volume of 2,534,514 shares. The stock had previously closed at GBX 232.60.

Ninety One Group Price Performance

The company has a quick ratio of 0.07, a current ratio of 1,371.96 and a debt-to-equity ratio of 39.25. The company has a market capitalization of £1.91 billion, a P/E ratio of 11.56, a PEG ratio of 15.99 and a beta of 0.82. The business has a 50 day simple moving average of GBX 238.76 and a 200-day simple moving average of GBX 224.97.

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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