abrdn (LON:ABDN) Reaches New 52-Week Low After Insider Selling

Shares of abrdn plc (LON:ABDN) reached a new 52-week low on Tuesday after an insider sold shares in the company. The stock traded as low as GBX 136.05 ($1.69) and last traded at GBX 137 ($1.71), with a volume of 1543937 shares changing hands. The stock had previously closed at GBX 141.05 ($1.76).

Specifically, insider Stephen Bird sold 29,942 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of GBX 141 ($1.76), for a total transaction of £42,218.22 ($52,555.98). In other news, insider Douglas J. Flint sold 36,500 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of GBX 140 ($1.74), for a total value of £51,100 ($63,612.60). Also, insider Stephen Bird sold 29,942 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of GBX 141 ($1.76), for a total transaction of £42,218.22 ($52,555.98). 2.43% of the stock is owned by insiders.

abrdn Stock Down 3.0 %

The company has a market cap of £2.44 billion, a PE ratio of -777.25, a P/E/G ratio of 12.70 and a beta of 1.30. The company’s 50 day moving average is GBX 150.20 and its 200 day moving average is GBX 161.94. The company has a current ratio of 3.48, a quick ratio of 24.97 and a debt-to-equity ratio of 16.15.

abrdn Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 14th will be paid a GBX 7.30 ($0.09) dividend. This represents a yield of 4.52%. The ex-dividend date is Thursday, March 14th.

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.