Schroders (OTCMKTS:SHNWF) Trading Down 4.2% – What’s Next?

Schroders (OTCMKTS:SHNWF)’s stock price fell 4.2% during trading on Wednesday . The stock traded as low as $5.00 and last traded at $5.00. 1,000 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 2,538 shares. The stock had previously closed at $5.22.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Schroders in a research note on Monday, October 6th. Citigroup upgraded shares of Schroders from a “neutral” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Schroders in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Schroders Stock Up 4.4%

The firm’s 50 day simple moving average is $5.13 and its 200-day simple moving average is $5.13.

About Schroders

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.