Schroders (OTCMKTS:SHNWF) Shares Gap Down - Here's What Happened

Key Points

• Shares of Schroders gapped down from a previous close of $5.35 to open at $4.85, with the last trading price at $5.32.
• Analysts have mixed ratings on Schroders, with two rating it as a Buy, two as Hold, and one as Sell, resulting in an average rating of "Hold".
• The company's current and quick ratios are at 1.24 and 1.28 respectively, indicating a stable financial position.

Shares of Schroders (OTCMKTS:SHNWF - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $5.35, but opened at $4.85. Schroders shares last traded at $5.32, with a volume of 2,056 shares.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHNWF. Morgan Stanley reaffirmed an "underweight" rating on shares of Schroders in a research report on Monday, August 11th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Schroders in a research report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold".

Schroders Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.24 and a debt-to-equity ratio of 0.06. The company's fifty day simple moving average is $5.28 and its 200-day simple moving average is $4.75.

About Schroders

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.

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