abrdn Asian Income Fund (LON:AAIF) Stock Price Crosses Below 200 Day Moving Average of $210.91

Shares of abrdn Asian Income Fund (LON:AAIF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 210.91 ($2.79) and traded as low as GBX 210 ($2.77). abrdn Asian Income Fund shares last traded at GBX 212 ($2.80), with a volume of 165,857 shares trading hands.

abrdn Asian Income Fund Price Performance

The firm has a market capitalization of £337.00 million, a price-to-earnings ratio of 771.43 and a beta of 0.70. The company’s 50 day moving average is GBX 212.54 and its 200 day moving average is GBX 211.07. The company has a quick ratio of 0.11, a current ratio of 0.26 and a debt-to-equity ratio of 8.19.

abrdn Asian Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th were issued a dividend of GBX 2.55 ($0.03) per share. The ex-dividend date was Thursday, July 25th. This represents a dividend yield of 1.17%. abrdn Asian Income Fund’s dividend payout ratio is presently 4,285.71%.

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.