abrdn (OTCMKTS:SLFPY) Share Price Crosses Below 200-Day Moving Average – What’s Next?

abrdn plc (OTCMKTS:SLFPY) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

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

abrdn Price Performance

The company has a 50-day moving average of $7.93 and a 200 day moving average of $7.80.

abrdn Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, August 16th were issued a $0.317 dividend. 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.