Sanlam Limited (OTCMKTS:SLLDY – Get Free Report)’s stock price crossed 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.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of Sanlam from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Sanlam has an average rating of “Sell”.
Check Out Our Latest Stock Report on Sanlam
Sanlam Stock Performance
The business’s 50-day simple moving average is C$10.26 and its 200-day simple moving average is C$10.96.
About Sanlam
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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