Abrdn (OTCMKTS:SLFPY) Trading Down 0.5% – Here’s Why

Shares of Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) dropped 0.5% during trading on Tuesday . The company traded as low as $13.43 and last traded at $13.43. Approximately 567 shares changed hands during mid-day trading, an increase of 5,627% from the average session volume of 10 shares. The stock had previously closed at $13.50.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Abrdn from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Abrdn Stock Performance

The firm has a 50 day simple moving average of $13.07 and a two-hundred day simple moving average of $12.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.10 and a current ratio of 2.10.

About Abrdn

Abrdn plc is a global investment management company headquartered in Edinburgh, Scotland. Operating under the ticker OTCMKTS:SLFPY in the over-the-counter market, the firm delivers a broad range of financial products and services to institutional, wholesale and retail clients. Its offerings span equity, fixed income, multi-asset, real estate and private markets, with a focus on active management and thematic investing strategies.

The company’s core business activities include the management of pooled and segregated funds, advisory services and model portfolio solutions.