Sanlam Limited (OTCMKTS:SLLDY – Get Free Report) shares dropped 2.2% on Friday. The company traded as low as C$10.24 and last traded at C$10.30. Approximately 79,959 shares were traded during trading, an increase of 36% from the average daily volume of 58,715 shares. The stock had previously closed at C$10.53.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Sanlam from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Check Out Our Latest Research Report on SLLDY
Sanlam Stock Down 2.2%
The stock has a 50 day moving average of C$10.28 and a 200 day moving average of C$10.58.
About Sanlam
Sanlam Limited is a South African financial services group that provides insurance, investments, retirement planning, wealth management and related financial solutions. Its products and services serve individuals, businesses and institutional clients, with offerings that include life and general insurance, asset management, financial planning, healthcare-related cover and banking services.
Founded in 1918, Sanlam has developed from a South African life-insurance provider into a diversified financial services organization.
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