Abrdn (OTCMKTS:SLFPY) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.07 and traded as low as $10.50. Abrdn shares last traded at $10.68, with a volume of 659 shares changing hands.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded shares of Abrdn to a “hold” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Abrdn Trading Down 5.9%

The stock has a 50-day moving average price of $11.69 and a 200 day moving average price of $11.07.

Abrdn Company Profile

Abrdn plc is a global investment management company headquartered in Edinburgh, Scotland. Operating under the ticker OTCMKTS:SLFPY in the over-the-counter market, the firm delivers a broad range of financial products and services to institutional, wholesale and retail clients. Its offerings span equity, fixed income, multi-asset, real estate and private markets, with a focus on active management and thematic investing strategies.

The company’s core business activities include the management of pooled and segregated funds, advisory services and model portfolio solutions.