abrdn Asian Income Fund (LON:AAIF) Share Price Breaks Below Fifty Day Moving Average – What’s Next?

abrdn Asian Income Fund (LON:AAIF – Get Free Report)’s share price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 317.64 and traded as low as GBX 316. abrdn Asian Income Fund shares last traded at GBX 320, with a volume of 289,100 shares trading hands.

abrdn Asian Income Fund Stock Performance

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 company has a market cap of £456.40 million, a price-to-earnings ratio of 2.56 and a beta of 0.70. The stock has a 50 day moving average price of GBX 317.98 and a two-hundred day moving average price of GBX 314.29.

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

Insider Activity

In related news, insider Jane Routledge bought 5,473 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of GBX 315 per share, for a total transaction of £17,239.95. Insiders own 0.25% of the company’s stock.

About abrdn Asian Income Fund

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

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