abrdn New India Investment Trust (LON:ANII) Shares Up 1.7% – Still a 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. Approximately 56,193 shares were traded during mid-day trading, a decline of 53% from the average session volume of 118,930 shares. The stock had previously closed at GBX 704.

abrdn New India Investment Trust Stock Performance

The stock has a market cap of £310.59 million, a P/E ratio of -5.58 and a beta of 0.29. The stock has a fifty day simple moving average of GBX 679.23 and a 200-day simple moving average of GBX 714.47. The company has a quick ratio of 0.22, a current ratio of 6.70 and a debt-to-equity ratio of 5.78.

Insider Buying and Selling at abrdn New India Investment Trust

In other news, insider Irina Miklavchich purchased 4,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was bought at an average price of GBX 700 per share, with a total value of £28,000. Also, insider Francesca Ecsery acquired 436 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was 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 insiders.

About abrdn New India Investment Trust

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