abrdn (LON:ABDN) Trading Up 1.9% – Here’s Why

abrdn plc (LON:ABDNGet Free Report) shares rose 1.9% during mid-day trading on Thursday . The company traded as high as GBX 155.27 ($1.92) and last traded at GBX 154.30 ($1.91). Approximately 3,683,071 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 10,509,105 shares. The stock had previously closed at GBX 151.45 ($1.88).

abrdn Trading Up 0.9 %

The stock has a fifty day moving average of GBX 141.01 and a two-hundred day moving average of GBX 148.69. The company has a market capitalization of £2.75 billion, a PE ratio of 910.29, a PEG ratio of 12.70 and a beta of 1.25. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 11.74.

Insider Activity

In other abrdn news, insider Jason Windsor purchased 357,635 shares of abrdn stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of GBX 139 ($1.72) per share, for a total transaction of £497,112.65 ($616,077.15). 2.41% of the stock is 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.

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