Ninety One Group (LON:N91) Shares Up 0.6% - Still a Buy?

Ninety One Group (LON:N91) experienced a 0.6% increase in its share price during midday trading on Wednesday. The stock reached a high of GBX 151.10 ($1.97) and maintained this price by the last trade, with approximately 409,564 shares exchanged, marking a significant drop of 69% compared to its average daily volume of 1,335,187 shares. Previously, the stock had closed at GBX 150.20 ($1.95).

Ninety One Group Stock Performance

The financial indicators for Ninety One Group reveal a quick ratio of 0.07 and a current ratio of 1.03, along with a debt-to-equity ratio of 25.60. The company's fifty-day simple moving average stands at GBX 146.91, while the 200-day simple moving average is at GBX 157.41. Ninety One has a market capitalization of £1.34 billion, with a price-to-earnings (P/E) ratio of 8.70, and a P/E/G ratio of 15.99. Additionally, its beta is 0.66, suggesting lower volatility compared to the market.

About Ninety One Group

Ninety One Group operates as an independent global asset manager, serving a diverse clientele that includes private and public sector pension funds, sovereign wealth funds, insurers, corporations, foundations, and central banks. They also work with large retail financial groups, wealth managers, private equity, debt, private banks, and various intermediaries.

Investment Analysis

Before making any investment decisions regarding Ninety One Group, potential investors should consider current market trends and the recommendations of financial analysts. Presently, the stock holds a Hold rating among analysts, who have recommended other stocks with potentially better growth prospects. MarketBeat has reported that top-rated analysts are favoring five different stocks over Ninety One Group for investment.

Investors might want to weigh their options and evaluate the potential returns and risks associated with Ninety One in relation to these alternative stocks.

For those interested in institutional investment trends, a list of stocks currently being favored by hedge funds and large endowments is available for review, providing further insight into market dynamics.

NinetyOne, Stock, Investment