Schroders (OTCMKTS:SHNWF) Shares Gap Up – Here’s What Happened

Schroders (OTCMKTS:SHNWF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $7.50, but opened at $7.93. Schroders shares last traded at $7.93, with a volume of 1,517 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of Schroders from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Schroders Trading Up 5.7%

The stock has a fifty day simple moving average of $7.29 and a two-hundred day simple moving average of $7.31.

Schroders Company Profile

Schroders plc is a global asset management company headquartered in London, United Kingdom, with a history dating back to its founding in 1804 as J. Henry Schröder & Co Over more than two centuries, the firm has grown organically and through selective acquisitions to establish itself as one of the world’s leading investment managers. Schroders is publicly traded on the London Stock Exchange and operates under the ticker SHNWF in the OTC Markets for investors seeking exposure to its equity.

The company offers a comprehensive suite of investment products and services, including active and passive equity strategies, fixed income, multi-asset solutions, alternatives such as real estate and private assets, as well as wealth planning and advisory services.