abrdn Asian Income Fund (LON:AAIF) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

abrdn Asian Income Fund (LON:AAIF)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 319.54 and traded as high as GBX 320. abrdn Asian Income Fund shares last traded at GBX 319, with a volume of 390,160 shares.

abrdn Asian Income Fund Stock Down 0.3%

The stock has a market capitalization of £453.20 million, a PE ratio of 6.24 and a beta of 0.70. The company has a debt-to-equity ratio of 8.03, a current ratio of 0.47 and a quick ratio of 0.11. The business’s fifty day moving average price is GBX 318.98 and its two-hundred day moving average price is GBX 307.50.

abrdn Asian Income Fund (LON:AAIF) last issued its earnings results on Tuesday, August 18th. The company reported GBX 12.36 earnings per share (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 abrdn Asian Income Fund news, insider Jane Routledge bought 5,473 shares of abrdn Asian Income Fund stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of GBX 315 per share, with a total value of £17,239.95. 0.24% of the stock is owned by company insiders.

abrdn Asian Income Fund Company Profile

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