abrdn Asian Income Fund (LON:AAIF) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

abrdn Asian Income Fund (LON:AAIF)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 316.88 and traded as high as GBX 322. abrdn Asian Income Fund shares last traded at GBX 319, with a volume of 162,431 shares.

abrdn Asian Income Fund Price Performance

The stock has a market capitalization of £454.63 million, a price-to-earnings ratio of 6.26 and a beta of 0.70. The company has a debt-to-equity ratio of 8.03, a quick ratio of 0.11 and a current ratio of 0.47. The company has a fifty day simple moving average of GBX 316.88 and a two-hundred day simple moving average of GBX 308.66.

abrdn Asian Income Fund (LON:AAIF) last posted its quarterly earnings results on Tuesday, August 18th. The company reported GBX 12.36 EPS for the quarter. abrdn Asian Income Fund had a return on equity of 39.44% and a net margin of 93.24%.

Insider Activity at abrdn Asian Income Fund

In other news, insider Jane Routledge bought 5,473 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of GBX 315 per share, for a total transaction of £17,239.95. Insiders own 0.24% of the company’s stock.

About abrdn Asian Income Fund

Targeting the income and growth potential of Asia’s most compelling and sustainable companies.