abrdn (OTCMKTS:SLFPY) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of abrdn plc (OTCMKTS:SLFPY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.80 and traded as low as $7.80. abrdn shares last traded at $7.80, with a volume of 3,200 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup upgraded shares of abrdn to a “hold” rating in a report on Thursday, October 10th. Barclays raised shares of abrdn to a “strong sell” rating in a research note on Thursday, October 10th.

abrdn Trading Down 5.1 %

The stock has a fifty day moving average of $7.93 and a 200-day moving average of $7.80.

abrdn Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, August 16th were paid a dividend of $0.317 per share. The ex-dividend date was Friday, August 16th.

About abrdn

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.