Ninety One Group (LON:N91) Shares Rise 0.6% - A Potential Buy?

Ninety One Group (LON:N91) saw its share price increase by 0.6% during mid-day trading on Wednesday. The stock reached a high of GBX 151.10 ($1.97) and last traded at the same value. A total of 409,564 shares changed hands, which is a significant drop of 69% compared to the average daily trading volume of 1,335,187 shares. The stock had closed the previous day at GBX 150.20 ($1.95).

Ninety One Group Stock Performance

The company maintains a quick ratio of 0.07 and a current ratio of 1.03, indicating its ability to cover short-term obligations. Its debt-to-equity ratio stands at 25.60, suggesting a moderate level of debt relative to equity. The fifty-day simple moving average is GBX 146.91, while the two-hundred-day simple moving average is GBX 157.41. The company's market capitalization is £1.34 billion, with a price-to-earnings (P/E) ratio of 8.70 and a price/earnings growth (P/E/G) ratio of 15.99; it has a beta of 0.66, indicating lower volatility compared to the overall market.

About Ninety One Group

Ninety One Group operates as an independent global asset manager. It serves various clients, including private and public sector pension funds, sovereign wealth funds, insurance companies, corporations, foundations, central banks, and significant retail financial groups. The firm also caters to wealth managers, as well as public and private equity and debt markets, along with private banking and intermediary services.

Investment Considerations

Before you consider investing in Ninety One Group, it is essential to note that the company currently holds a Hold rating among analysts. MarketBeat keeps tabs on top-rated analysts and their stock recommendations. Interestingly, they have identified five stocks that may present better investment opportunities than Ninety One Group at this moment.

In summary, while Ninety One Group's stock has seen a slight uptick, potential investors should weigh this against analysts' recommendations that suggest alternative stocks might be more appealing at this time.

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