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Abrdn (OTCMKTS:SLFPY) Sees Strong Trading Volume - Should You Buy?

Abrdn logo with Finance background

Key Points

  • Abrdn PLC's trading volume surged by 1,350% to 11,641 shares, with the stock price rising to $10.51 from a previous close of $10.25.
  • Royal Bank of Canada upgraded Abrdn's rating from "strong sell" to "hold", while the consensus rating remains at "Reduce."
  • The company's debt-to-equity ratio is 0.12, indicating a stable financial position, while its current and quick ratios stand at 1.92.
  • MarketBeat previews top five stocks to own in October.

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY - Get Free Report) saw an uptick in trading volume on Friday . 11,641 shares changed hands during trading, an increase of 1,350% from the previous session's volume of 803 shares.The stock last traded at $10.51 and had previously closed at $10.25.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised shares of Abrdn from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce".

Read Our Latest Stock Report on SLFPY

Abrdn Trading Up 2.5%

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.92 and a quick ratio of 1.92. The business's fifty day moving average price is $10.68 and its two-hundred day moving average price is $9.45.

About Abrdn

(Get Free Report)

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.

See Also

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