abrdn Japan Investment Trust (LON:AJIT) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

abrdn Japan Investment Trust plc (LON:AJIT)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 585 ($7.83) and traded as low as GBX 585 ($7.83). abrdn Japan Investment Trust shares last traded at GBX 585 ($7.83), with a volume of 0 shares changing hands.

abrdn Japan Investment Trust Price Performance

The stock has a market cap of £72.72 million, a P/E ratio of -1,720.59 and a beta of 0.46. The company has a current ratio of 0.10, a quick ratio of 0.12 and a debt-to-equity ratio of 12.44. The company’s fifty day simple moving average is GBX 585 and its 200-day simple moving average is GBX 585.

About abrdn Japan Investment Trust

Aberdeen Japan Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of Japan. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies across all market capitalizations.