Old Mutual (LON:OMU) Stock Price Up 0.7% - Still a Buy?

Key Points

• Old Mutual shares rose 0.7% to GBX 60.20 (intraday high GBX 61.20) on Tuesday, with volume jumping about 97% to 352,911 shares versus the average.
• Valuation metrics show a market cap of £2.47 billion and a very low price-to-earnings ratio of 0.32, while the stock is trading below its 50-day (GBX 65.63) and 200-day (GBX 64.86) moving averages.
• Old Mutual is a diversified financial services group focused on South Africa and the rest of Africa, offering insurance, savings, lending, wealth management and asset management services.

Old Mutual Limited (LON:OMU - ) shares rose 0.7% during trading on Tuesday . The company traded as high as GBX 61.20 and last traded at GBX 60.20. Approximately 352,911 shares changed hands during mid-day trading, an increase of 97% from the average daily volume of 178,938 shares. The stock had previously closed at GBX 59.80.

Old Mutual Price Performance

The stock has a market capitalization of £2.47 billion, a price-to-earnings ratio of 0.32 and a beta of 0.81. The business has a fifty day moving average of GBX 65.63 and a 200 day moving average of GBX 64.86.

Old Mutual Company Profile

Old Mutual Limited, together with its subsidiaries, provides financial services primarily in South Africa and rest of Africa. The company operates through Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Old Mutual Africa Regions segments. It offers risk products, including group risk and funeral covers; savings; lending; and transactional products. It also provides financial advice, investment, and income products, as well as asset management services.

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