abrdn Asian Income Fund (LON:AAIF) Shares Cross Above 50 Day Moving Average of $211.71

abrdn Asian Income Fund (LON:AAIF) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 211.71 ($2.69) and traded as high as GBX 216 ($2.74). abrdn Asian Income Fund shares last traded at GBX 215.50 ($2.73), with a volume of 43,168 shares trading hands.

abrdn Asian Income Fund Trading Down 0.2 %

The company has a market capitalization of £348.82 million, a PE ratio of 4,310.00 and a beta of 0.72. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.13 and a quick ratio of 0.11. The company’s fifty day moving average is GBX 211.71 and its 200-day moving average is GBX 205.36.

abrdn Asian Income Fund Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 24th. Stockholders of record on Thursday, April 25th were given a GBX 2.55 ($0.03) dividend. This represents a dividend yield of 1.23%. The ex-dividend date was Thursday, April 25th. abrdn Asian Income Fund’s payout ratio is 24,000.00%.

Insider Activity at abrdn Asian Income Fund

In other news, insider Jane Routledge purchased 8,527 shares of the stock in a transaction dated Monday, June 3rd. The shares were acquired at an average cost of GBX 211 ($2.68) per share, for a total transaction of £17,991.97 ($22,823.76). 3.49% of the stock is owned by corporate insiders.

About abrdn Asian Income Fund

Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited. It is managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity and fixed income markets of the Asia Pacific Region. It seeks to invest in the stocks of companies operating across diversified sectors.