abrdn New India Investment Trust (LON:ANII) Shares Down 2.5% – Here’s Why

Shares of abrdn New India Investment Trust (LON:ANII) fell 2.5% during trading on Friday . The company traded as low as GBX 708 and last traded at GBX 712. 66,952 shares were traded during mid-day trading, a decline of 65% from the average session volume of 189,549 shares. The stock had previously closed at GBX 730.

abrdn New India Investment Trust Trading Down 2.5%

The company has a debt-to-equity ratio of 3.98, a current ratio of 0.47 and a quick ratio of 0.22. The stock’s 50-day moving average is GBX 777.89 and its two-hundred day moving average is GBX 788.27. The company has a market cap of £318.36 million, a P/E ratio of -5.55 and a beta of 0.46.

abrdn New India Investment Trust (LON:ANII) last posted its earnings results on Thursday, December 11th. The company reported GBX (0.32) EPS for the quarter. abrdn New India Investment Trust had a return on equity of 26.93% and a net margin of 77.86%.

Insider Buying and Selling

In other news, insider David Simpson bought 3,250 shares of the stock in a transaction on Tuesday, October 28th. The shares were bought at an average price of GBX 799 per share, with a total value of £25,967.50. Company insiders own 0.80% of the company’s stock.

About abrdn New India Investment Trust

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