Investec Group (LON:INVP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Investec Group (LON:INVP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 507.73 ($6.97) and traded as high as GBX 540 ($7.41). Investec Group shares last traded at GBX 529.84 ($7.27), with a volume of 1,630,436 shares changing hands.

Investec Group Trading Up 2.3%

The company has a market capitalization of £4.48 billion, a P/E ratio of 8.13, a P/E/G ratio of 0.67 and a beta of 1.05. The business’s fifty day moving average price is GBX 499.51 and its 200 day moving average price is GBX 507.73.

Investec Group (LON:INVP) last released its earnings results on Thursday, May 22nd. The company reported GBX 79.10 ($1.09) earnings per share for the quarter. Investec Group had a return on equity of 11.67% and a net margin of 43.98%. Equities research analysts anticipate that Investec Group will post 70.0000031 EPS for the current year.

Insider Buying and Selling

In other news, insider Nishlan Samujh sold 65,173 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of GBX 524 ($7.19), for a total value of £341,506.52 ($468,651.74). Also, insider Fani Titi sold 100,546 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of GBX 524 ($7.19), for a total value of £526,861.04 ($723,015.01). In the last three months, insiders sold 868,381 shares of company stock valued at $455,086,607. 4.96% of the stock is owned by corporate insiders.

About Investec Group

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.