abrdn (LON:ABDN) Trading Up 13.7% – What’s Next?

abrdn plc (LON:ABDNGet Free Report) rose 13.7% during mid-day trading on Tuesday . The stock traded as high as GBX 184.75 ($2.38) and last traded at GBX 184.25 ($2.37). Approximately 6,302,104 shares were traded during trading, a decline of 4% from the average daily volume of 6,597,496 shares. The stock had previously closed at GBX 162 ($2.09).

abrdn Price Performance

The firm has a 50 day moving average price of GBX 149.35 and a 200 day moving average price of GBX 148. The stock has a market capitalization of £3.15 billion, a PE ratio of 10.01, a price-to-earnings-growth 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 12.25.

abrdn (LON:ABDNGet Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 15.20 ($0.20) EPS for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Research analysts anticipate that abrdn plc will post 15.2266152 earnings per share for the current year.

Insiders Place Their Bets

In other abrdn news, insider Jason Windsor purchased 357,635 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of GBX 139 ($1.79) per share, for a total transaction of £497,112.65 ($640,774.23). 2.41% of the stock is owned by company insiders.

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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