abrdn New India Investment Trust (LON:ANII) Stock Price Up 1.7% – Time to Buy?

abrdn New India Investment Trust (LON:ANII)’s stock price traded up 1.7% on Thursday . The stock traded as high as GBX 720 and last traded at GBX 715.94. 56,193 shares changed hands during trading, a decline of 53% from the average daily volume of 118,930 shares. The stock had previously closed at GBX 704.

abrdn New India Investment Trust Price Performance

The company has a 50-day moving average of GBX 679.23 and a 200-day moving average of GBX 714.47. The company has a debt-to-equity ratio of 5.78, a quick ratio of 0.22 and a current ratio of 6.70. The firm has a market capitalization of £310.59 million, a price-to-earnings ratio of -5.58 and a beta of 0.29.

Insider Activity at abrdn New India Investment Trust

In related news, insider Irina Miklavchich purchased 4,000 shares of abrdn New India Investment Trust stock in a transaction dated Friday, April 17th. The stock was bought at an average price of GBX 700 per share, for a total transaction of £28,000. Also, insider Francesca Ecsery bought 436 shares of the stock in a transaction on Thursday, May 7th. The shares were purchased at an average price of GBX 684 per share, with a total value of £2,982.24. 1.08% of the stock is 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