Abrdn (OTCMKTS:SLFPY) Shares Gap Down – Should You Sell?

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.62, but opened at $9.90. Abrdn shares last traded at $9.90, with a volume of 194 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded Abrdn from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Abrdn currently has an average rating of “Reduce”.

Abrdn Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.92 and a current ratio of 1.92. The business’s 50 day simple moving average is $10.72 and its 200-day simple moving average is $9.41.

Abrdn Company Profile

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.