Schroders (OTCMKTS:SHNWF) Trading Down 4.2% – Here’s What Happened

Shares of Schroders (OTCMKTS:SHNWF) dropped 4.2% during mid-day trading on Wednesday . The company traded as low as $5.00 and last traded at $5.00. Approximately 1,000 shares changed hands during trading, a decline of 61% from the average daily volume of 2,538 shares. The stock had previously closed at $5.22.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SHNWF shares. Citigroup raised Schroders from a “neutral” rating to a “buy” rating in a research note on Friday, October 3rd. Morgan Stanley reissued an “underweight” rating on shares of Schroders in a research note on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Schroders in a report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Schroders Price Performance

The business has a fifty day moving average of $5.13 and a 200 day moving average of $5.13.

Schroders Company Profile

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.