Old Mutual (LON:OMU) Trading Up 0.9% – Time to Buy?

Shares of Old Mutual Limited (LON:OMU) rose 0.9% during mid-day trading on Thursday . The company traded as high as GBX 55.20 ($0.71) and last traded at GBX 54.60 ($0.70). Approximately 53,537 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 232,548 shares. The stock had previously closed at GBX 54.10 ($0.70).

Old Mutual Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.37 and a debt-to-equity ratio of 42.24. The firm has a market capitalization of £2.38 billion, a price-to-earnings ratio of 682.50 and a beta of 1.02. The company’s 50 day moving average is GBX 55.45 and its 200-day moving average is GBX 51.97.

Old Mutual Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be given a GBX 1.47 ($0.02) dividend. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 2.53%. Old Mutual’s payout ratio is 5,000.00%.

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.