abrdn (LON:ABDN) Trading Up 1.6% – Still a Buy?

abrdn plc (LON:ABDNGet Free Report) shares rose 1.6% on Friday . The stock traded as high as GBX 158.30 ($2.00) and last traded at GBX 157.85 ($1.99). Approximately 2,109,298 shares were traded during trading, a decline of 70% from the average daily volume of 7,089,968 shares. The stock had previously closed at GBX 155.35 ($1.96).

abrdn Stock Performance

The company has a debt-to-equity ratio of 12.25, a current ratio of 225.80 and a quick ratio of 24.97. The company’s 50-day moving average price is GBX 145.57 and its two-hundred day moving average price is GBX 147.55. The company has a market capitalization of £2.83 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 12.70 and a beta of 1.25.

Insider Transactions at abrdn

In other abrdn news, insider Jason Windsor acquired 357,635 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of GBX 139 ($1.76) per share, with a total value of £497,112.65 ($628,063.99). 2.41% of the stock is currently owned by corporate insiders.

About abrdn

(Get Free Report)

abrdn is a global investment company that helps clients and customers plan, save, and invest for the future.

Our purpose is to enable our clients to be better investors.

Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and interactive investor – focused on the changing needs of our clients.

The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge.

Our Adviser business provides financial planning solutions and technology for UK financial advisers, enabling them to create value for their businesses and their clients.

interactive investor, the UK’s second largest direct-to-consumer investment platform, enables individuals in the UK to plan, save and invest in the way that works for them.

abrdn.com

The value of investments and the income from them can go down as well as up and investors may get back less than the amount invested.

Read More

Receive News & Ratings for abrdn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn and related companies with MarketBeat.com's FREE daily email newsletter.