abrdn (LON:ABDN) Trading 1.6% Higher – Should You Buy?

abrdn plc (LON:ABDNGet Free Report) was up 1.6% during trading on Friday . The company traded as high as GBX 158.30 ($2.00) and last traded at GBX 157.85 ($1.99). Approximately 2,109,298 shares traded hands during mid-day 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 stock has a market capitalization of £2.83 billion, a PE ratio of 8.97, a PEG ratio of 12.70 and a beta of 1.25. The business has a 50 day moving average price of GBX 145.57 and a 200 day moving average price of GBX 147.55. The company has a debt-to-equity ratio of 12.25, a current ratio of 225.80 and a quick ratio of 24.97.

Insider Transactions at abrdn

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

abrdn Company Profile

(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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