Abrdn (OTCMKTS:SLFPY) Reaches New 1-Year High – Here’s Why

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) shares reached a new 52-week high on Monday . The stock traded as high as $12.91 and last traded at $12.91, with a volume of 300 shares changing hands. The stock had previously closed at $12.80.

Wall Street Analyst Weigh In

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

Abrdn Stock Up 0.9%

The firm has a 50 day moving average price of $12.38 and a two-hundred day moving average price of $11.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.10 and a current ratio of 2.10.

Abrdn Company Profile

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.