abrdn Asian Income Fund (LON:AAIF) Share Price Breaks Above 50 Day Moving Average – Here’s What Happened

abrdn Asian Income Fund (LON:AAIF) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 315.28 and traded as high as GBX 329. abrdn Asian Income Fund shares last traded at GBX 323, with a volume of 203,481 shares.

abrdn Asian Income Fund Trading Up 1.6%

The stock has a market capitalization of £465.48 million, a P/E ratio of 2.61 and a beta of 0.70. The company has a current ratio of 0.47, a quick ratio of 0.11 and a debt-to-equity ratio of 8.03. The stock’s fifty day moving average price is GBX 315.48 and its two-hundred day moving average price is GBX 312.77.

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

Insider Transactions at abrdn Asian Income Fund

In other abrdn Asian Income Fund news, insider Jane Routledge purchased 5,473 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of GBX 315 per share, for a total transaction of £17,239.95. 0.25% of the stock is currently owned by insiders.

About abrdn Asian Income Fund

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