Asia Dragon (LON:DGN) Shares Down 0.2% – What’s Next?

Asia Dragon (LON:DGN)’s share price dropped 0.2% during trading on Monday . The stock traded as low as GBX 422.52 ($5.36) and last traded at GBX 426 ($5.40). Approximately 114,749 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 208,986 shares. The stock had previously closed at GBX 427 ($5.42).

Asia Dragon Price Performance

The company has a debt-to-equity ratio of 8.77, a quick ratio of 0.17 and a current ratio of 0.19. The company’s 50 day moving average price is GBX 427.46 and its 200-day moving average price is GBX 412.91. The company has a market cap of £666.78 million, a price-to-earnings ratio of -1,014.29 and a beta of 0.50.

Asia Dragon Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 5th will be paid a dividend of GBX 6.60 ($0.08) per share. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, December 5th. Asia Dragon’s dividend payout ratio is presently -1,666.67%.

About Asia Dragon

Edinburgh Dragon Trust Plc is closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of the Asia Pacific region, excluding Japan and Australasia. It seeks to invest in stocks of companies operating across diversified sectors.