abrdn New India Investment Trust (LON:ANII) Trading Down 0.2% – Time to Sell?

Shares of abrdn New India Investment Trust (LON:ANII) dropped 0.2% on Monday . The stock traded as low as GBX 798.63 and last traded at GBX 802. Approximately 64,749 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 77,603 shares. The stock had previously closed at GBX 804.

abrdn New India Investment Trust Stock Down 0.2%

The company has a quick ratio of 0.22, a current ratio of 0.47 and a debt-to-equity ratio of 3.98. The company has a 50-day simple moving average of GBX 787.71 and a two-hundred day simple moving average of GBX 794.18. The stock has a market cap of £365.63 million, a P/E ratio of 12.79 and a beta of 0.46.

Insider Activity

In other abrdn New India Investment Trust news, insider Andrew Robson bought 1,500 shares of abrdn New India Investment Trust stock in a transaction dated Tuesday, August 26th. The shares were purchased at an average cost of GBX 793 per share, with a total value of £11,895. Also, insider David Simpson bought 3,250 shares of abrdn New India Investment Trust stock in a transaction dated Tuesday, October 28th. The shares were acquired at an average cost of GBX 799 per share, for a total transaction of £25,967.50. Over the last three months, insiders have acquired 5,382 shares of company stock valued at $4,285,530. Company insiders own 0.80% of the company’s stock.

About abrdn New India Investment Trust

Looking for world-class, well governed companies at the heart of India’s growth story