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

abrdn Asian Income Fund (LON:AAIF)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 218.97 ($2.71) and traded as high as GBX 222 ($2.75). abrdn Asian Income Fund shares last traded at GBX 221.37 ($2.74), with a volume of 26,766 shares traded.

abrdn Asian Income Fund Price Performance

The stock has a market cap of £344.80 million, a price-to-earnings ratio of 789.29 and a beta of 0.70. The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.11 and a current ratio of 0.26. The company has a 50-day moving average of GBX 219.12 and a 200-day moving average of GBX 216.52.

abrdn Asian Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 24th were issued a dividend of GBX 2.55 ($0.03) per share. This represents a yield of 1.16%. The ex-dividend date was Thursday, October 24th. abrdn Asian Income Fund’s dividend payout ratio is presently 4,285.71%.

Insider Buying and Selling

In related news, insider Ian Cadby purchased 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were bought at an average price of GBX 223 ($2.76) per share, with a total value of £17,840 ($22,081.94). 3.64% of the stock is owned by insiders.

About abrdn Asian Income Fund

Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited. It is managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity and fixed income markets of the Asia Pacific Region. It seeks to invest in the stocks of companies operating across diversified sectors.