abrdn Asian Income Fund (LON:AAIF) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

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 288.44 and traded as high as GBX 326. abrdn Asian Income Fund shares last traded at GBX 319, with a volume of 376,445 shares changing hands.

abrdn Asian Income Fund Stock Performance

The firm’s 50 day simple moving average is GBX 288.44 and its 200-day simple moving average is GBX 274.86. The company has a debt-to-equity ratio of 7.72, a quick ratio of 0.11 and a current ratio of 0.63. The company has a market capitalization of £454.63 million, a price-to-earnings ratio of 6.26 and a beta of 0.67.

abrdn Asian Income Fund (LON:AAIF) last announced its earnings results on Wednesday, March 18th. The company reported GBX 14.73 earnings per share (EPS) for the quarter. abrdn Asian Income Fund had a net margin of 89.27% and a return on equity of 19.40%.

abrdn Asian Income Fund Company Profile

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