abrdn New India Investment Trust (LON:ANII) Shares Down 1.1% – What’s Next?

abrdn New India Investment Trust (LON:ANII) shares traded down 1.1% on Thursday . The stock traded as low as GBX 736 and last traded at GBX 742. 41,889 shares were traded during mid-day trading, a decline of 76% from the average session volume of 172,483 shares. The stock had previously closed at GBX 750.

abrdn New India Investment Trust Stock Down 1.1%

The stock has a market cap of £329.44 million, a price-to-earnings ratio of -5.78 and a beta of 0.46. The firm’s fifty day moving average price is GBX 751.87 and its two-hundred day moving average price is GBX 776.88. The company has a debt-to-equity ratio of 3.98, a current ratio of 0.47 and a quick ratio of 0.22.

abrdn New India Investment Trust (LON:ANII) last issued its earnings results on Thursday, December 11th. The company reported GBX (0.32) EPS for the quarter. abrdn New India Investment Trust had a net margin of 77.86% and a return on equity of 26.93%.

Insider Activity at abrdn New India Investment Trust

In other news, insider Irina Miklavchich bought 1,800 shares of the stock in a transaction dated Wednesday, February 4th. The shares were bought at an average cost of GBX 744 per share, with a total value of £13,392. 0.80% of the stock is currently owned by corporate insiders.

About abrdn New India Investment Trust

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