Old Mutual (LON:OMU) Trading 0.9% Higher – Should You Buy?

Old Mutual Limited (LON:OMU) shares were up 0.9% on Thursday . The company traded as high as GBX 55.20 ($0.70) and last traded at GBX 54.60 ($0.69). Approximately 53,537 shares were traded during trading, a decline of 77% from the average daily volume of 232,548 shares. The stock had previously closed at GBX 54.10 ($0.68).

Old Mutual Trading Up 2.2 %

The business’s 50 day simple moving average is GBX 55.48 and its 200 day simple moving average is GBX 52. The stock has a market cap of £2.43 billion, a price-to-earnings ratio of 697.50 and a beta of 1.02. The company has a quick ratio of 0.37, a current ratio of 0.67 and a debt-to-equity ratio of 42.24.

Old Mutual Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 17th were issued a dividend of GBX 1.47 ($0.02) per share. This represents a yield of 2.53%. The ex-dividend date of this dividend was Thursday, October 17th. Old Mutual’s payout ratio is currently 5,000.00%.

About Old Mutual

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.