abrdn (LON:ABDN) Shares Down 6.6% – Time to Sell?

abrdn plc (LON:ABDN)’s stock price fell 6.6% on Thursday . The company traded as low as GBX 152.65 ($1.98) and last traded at GBX 153.05 ($1.99). 1,375,291 shares changed hands during trading, a decline of 84% from the average session volume of 8,794,889 shares. The stock had previously closed at GBX 163.95 ($2.13).

abrdn Price Performance

The business has a 50-day moving average price of GBX 155.16 and a two-hundred day moving average price of GBX 153.86. 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 company has a market capitalization of £2.70 billion, a price-to-earnings ratio of 964.41, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25.

abrdn Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, September 24th. Shareholders of record on Thursday, August 15th were paid a GBX 7.30 ($0.09) dividend. This represents a dividend yield of 4.56%. The ex-dividend date was Thursday, August 15th. abrdn’s dividend payout ratio (DPR) is 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.