abrdn (LON:ABDN) Reaches New 12-Month High – What’s Next?

Shares of abrdn plc (LON:ABDNGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 180 ($2.29) and last traded at GBX 178.45 ($2.27), with a volume of 3229002 shares traded. The stock had previously closed at GBX 162 ($2.06).

abrdn Stock Performance

The firm’s 50-day moving average is GBX 147.98 and its two-hundred day moving average is GBX 147.72. The stock has a market cap of £3.23 billion, a price-to-earnings ratio of 10.26, a P/E/G 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.

Insider Buying and Selling

In related news, insider Jason Windsor acquired 357,635 shares of abrdn stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average price of GBX 139 ($1.77) per share, for a total transaction of £497,112.65 ($631,735.48). 2.41% of the stock is owned by company insiders.

About abrdn

(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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