abrdn New India Investment Trust (LON:ANII) Trading 0.8% Higher – Here’s Why

Shares of abrdn New India Investment Trust (LON:ANII) rose 0.8% during trading on Friday . The stock traded as high as GBX 732 and last traded at GBX 730. Approximately 35,988 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 115,619 shares. The stock had previously closed at GBX 724.

abrdn New India Investment Trust Stock Up 0.8%

The company has a quick ratio of 0.22, a current ratio of 0.63 and a debt-to-equity ratio of 4.00. The business has a 50-day simple moving average of GBX 702.01 and a two-hundred day simple moving average of GBX 701.39. The stock has a market capitalization of £314.83 million, a P/E ratio of -3.95 and a beta of 0.17.

abrdn New India Investment Trust (LON:ANII) last issued its quarterly earnings data on Thursday, June 18th. The company reported GBX (3.36) earnings per share (EPS) for the quarter. abrdn New India Investment Trust had a negative net margin of 2,108.76% and a negative return on equity of 24.12%. The company had revenue of GBX 385 million for the quarter.

Insider Buying and Selling at abrdn New India Investment Trust

In other news, insider Francesca Ecsery bought 436 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of GBX 684 per share, for a total transaction of £2,982.24. Insiders own 1.09% of the company’s stock.

abrdn New India Investment Trust Company Profile

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