Ashoka India Equity Investment (LON:AIE) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Ashoka India Equity Investment (LON:AIE) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 245.16 and traded as high as GBX 248. Ashoka India Equity Investment shares last traded at GBX 247, with a volume of 277,238 shares traded.

Ashoka India Equity Investment Stock Performance

The company’s 50-day moving average price is GBX 251.28 and its 200 day moving average price is GBX 245.34. The stock has a market capitalization of £416.52 million, a PE ratio of -9.62 and a beta of 0.16.

Ashoka India Equity Investment (LON:AIE) last announced its earnings results on Wednesday, October 7th. The company reported GBX 75 earnings per share for the quarter. Ashoka India Equity Investment had a negative net margin of 157.18% and a negative return on equity of 6.24%.

Insider Buying and Selling

In related news, insider Sarah MacAulay acquired 42,000 shares of the stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of GBX 258 per share, for a total transaction of £108,360. 0.30% of the stock is owned by company insiders.

Ashoka India Equity Investment Company Profile

ASHOKA INDIA EQUITY INVESTMENT TRUST IS A HIGH CONVICTION, LONG-ONLY INVESTMENT TRUST, INVESTING MAINLY IN SECURITIES LISTED IN INDIA AND LISTED SECURITIES OF COMPANIES WITH A SIGNIFICANT PRESENCE IN INDIA