abrdn (LON:ABDN) Stock Price Down 1% – Here’s Why

abrdn plc (LON:ABDNGet Free Report) shares dropped 1% during trading on Tuesday . The stock traded as low as GBX 135.60 ($1.72) and last traded at GBX 137.10 ($1.74). Approximately 2,262,341 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 8,565,136 shares. The stock had previously closed at GBX 138.45 ($1.76).

abrdn Stock Down 1.0 %

The company has a debt-to-equity ratio of 11.74, a current ratio of 225.80 and a quick ratio of 24.97. The company has a market capitalization of £2.44 billion, a price-to-earnings ratio of 806.47, a PEG ratio of 12.70 and a beta of 1.25. The firm has a 50-day moving average price of GBX 150.29 and a two-hundred day moving average price of GBX 153.31.

abrdn Company Profile

(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.

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