Ninety One Group (LON:N91) Hits New 52-Week Low – Here’s Why

Ninety One Group (LON:N91) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 146.90 ($1.85) and last traded at GBX 147 ($1.85), with a volume of 9329180 shares trading hands. The stock had previously closed at GBX 148 ($1.86).

Ninety One Group Trading Down 0.7 %

The company has a current ratio of 1.03, a quick ratio of 0.07 and a debt-to-equity ratio of 25.76. The business has a 50 day simple moving average of GBX 163.40 and a two-hundred day simple moving average of GBX 166.65. The stock has a market cap of £887.31 million, a price-to-earnings ratio of 816.67, a price-to-earnings-growth ratio of 15.99 and a beta of 0.66.

Ninety One Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be given a dividend of GBX 5.40 ($0.07) per share. This represents a dividend yield of 3.33%. The ex-dividend date is Thursday, December 12th. Ninety One Group’s payout ratio is currently 6,666.67%.

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.