abrdn Asian Income Fund (LON:AAIF) Shares Cross Above 50 Day Moving Average of $212.75

Shares of abrdn Asian Income Fund (LON:AAIF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 212.75 ($2.69) and traded as high as GBX 219 ($2.77). abrdn Asian Income Fund shares last traded at GBX 218 ($2.76), with a volume of 121,727 shares trading hands.

abrdn Asian Income Fund Stock Performance

The company has a quick ratio of 0.11, a current ratio of 0.13 and a debt-to-equity ratio of 8.05. The firm has a market cap of £352.22 million, a price-to-earnings ratio of 4,360.00 and a beta of 0.72. The stock has a 50 day moving average of GBX 212.75 and a 200 day moving average of GBX 206.20.

abrdn Asian Income Fund Cuts Dividend

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

Insider Transactions at abrdn Asian Income Fund

In related news, insider Jane Routledge acquired 8,527 shares of abrdn Asian Income Fund stock in a transaction dated Monday, June 3rd. The stock was bought at an average price of GBX 211 ($2.67) per share, with a total value of £17,991.97 ($22,757.36). Insiders own 3.49% of the company’s stock.

abrdn Asian Income Fund Company Profile

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.