abrdn (LON:ABDN) Stock Price Down 0.7% – Time to Sell?

Shares of abrdn plc (LON:ABDN) were down 0.7% during trading on Thursday . The stock traded as low as GBX 156.50 ($2.05) and last traded at GBX 156.95 ($2.05). Approximately 3,434,600 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 9,052,975 shares. The stock had previously closed at GBX 158.05 ($2.07).

abrdn Price Performance

The firm’s fifty day moving average price is GBX 153.30 and its 200 day moving average price is GBX 152.47. The company has a quick ratio of 24.97, a current ratio of 225.80 and a debt-to-equity ratio of 11.74. The stock has a market cap of £2.79 billion, a PE ratio of 921.47, a P/E/G ratio of 12.70 and a beta of 1.25.

abrdn Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, September 24th. Stockholders of record on Thursday, August 15th were issued a GBX 7.30 ($0.10) dividend. This represents a dividend yield of 4.56%. The ex-dividend date was Thursday, August 15th. abrdn’s dividend payout ratio (DPR) is presently 8,823.53%.

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.