Abrdn (OTCMKTS:SLFPY) Shares Gap Down - Should You Sell?

Key Points

• Abrdn PLC's stock price gapped down significantly, dropping from a previous close of $10.62 to $9.90 upon opening, with recent trading showing minimal volume at 194 shares.
• Analysts have mixed views on Abrdn, with Royal Bank of Canada upgrading the stock from a "strong sell" to a "hold," while the average rating remains at "Reduce" from several research analysts.
• The company maintains a strong financial position with a low debt-to-equity ratio of 0.12 and a current ratio of 1.92, indicating solid liquidity.

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.62, but opened at $9.90. Abrdn shares last traded at $9.90, with a volume of 194 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded Abrdn from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Abrdn currently has an average rating of "Reduce".

Abrdn Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.92 and a current ratio of 1.92. The business's 50 day simple moving average is $10.72 and its 200-day simple moving average is $9.41.

Abrdn Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.