Investec Group (LON:INVP) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Investec Group (LON:INVP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 564.98 ($7.33) and traded as high as GBX 609.50 ($7.90). Investec Group shares last traded at GBX 603 ($7.82), with a volume of 1,017,591 shares.

Investec Group Trading Up 1.3 %

The company has a market cap of £3.89 billion, a P/E ratio of 886.76, a PEG ratio of 0.67 and a beta of 1.05. The business’s 50 day simple moving average is GBX 578.60 and its 200 day simple moving average is GBX 564.98.

Insider Activity

In other news, insider Stephen Koseff sold 193,557 shares of Investec Group stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of GBX 580 ($7.52), for a total transaction of £1,122,630.60 ($1,455,881.99). Insiders have sold a total of 326,375 shares of company stock worth $264,268,180 over the last quarter. Insiders own 4.96% of the company’s stock.

Investec Group Company Profile

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.