Ninety One Group (LON:N91) Shares Up 9.5% - Here's Why

Ninety One Group (LON:N91 - Get Free Report) shares rose 9.5% during mid-day trading on Wednesday . The company traded as high as GBX 178.10 ($2.41) and last traded at GBX 177.60 ($2.40). Approximately 986,343 shares traded hands during trading, a decline of 22% from the average daily volume of 1,271,867 shares. The stock had previously closed at GBX 162.20 ($2.20).

Ninety One Group Stock Up 1.6%

The business has a 50-day simple moving average of GBX 147.56 and a two-hundred day simple moving average of GBX 148.50. The company has a market cap of £1.56 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 15.99 and a beta of 0.66. The company has a quick ratio of 0.07, a current ratio of 1.03 and a debt-to-equity ratio of 25.60.

Ninety One Group (LON:N91 - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported GBX 15.50 ($0.21) EPS for the quarter. Ninety One Group had a return on equity of 42.90% and a net margin of 26.24%. As a group, equities analysts forecast that Ninety One Group will post 15.1025641 earnings per share for the current fiscal year.

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.