Sanlam Limited (OTCMKTS:SLLDY – Get Free Report) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$10.96 and traded as low as C$10.71. Sanlam shares last traded at C$10.88, with a volume of 38,632 shares traded.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered Sanlam from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 30th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.
View Our Latest Research Report on SLLDY
Sanlam Stock Performance
The business’s 50 day moving average price is C$10.26 and its 200 day moving average price is C$10.96.
Sanlam Company Profile
Sanlam is a financial services group founded in South Africa in 1918 as a life insurance company. Headquartered in Bellville, it has grown into a provider of insurance, investment and wealth-related services. The company offers life and general insurance, savings and investment products, asset management, financial planning and related services to individuals, businesses and institutions. Its businesses also provide services such as credit and investment management. Sanlam serves customers in South Africa and other African markets, with operations and partnerships in selected international markets.
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