abrdn Asian Income Fund (LON:AAIF) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

abrdn Asian Income Fund (LON:AAIF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 216.24 ($2.71) and traded as low as GBX 214 ($2.68). abrdn Asian Income Fund shares last traded at GBX 214 ($2.68), with a volume of 34,536 shares traded.

abrdn Asian Income Fund Trading Down 1.8 %

The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11. The business’s 50-day moving average price is GBX 219.36 and its two-hundred day moving average price is GBX 216.24. The company has a market capitalization of £333.88 million, a P/E ratio of 764.29 and a beta of 0.70.

abrdn Asian Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th were issued a dividend of GBX 2.55 ($0.03) per share. The ex-dividend date was Thursday, October 24th. This represents a yield of 1.16%. abrdn Asian Income Fund’s dividend payout ratio is presently 4,285.71%.

Insiders Place Their Bets

In related news, insider Ian Cadby acquired 8,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of GBX 223 ($2.80) per share, with a total value of £17,840 ($22,364.30). Corporate insiders own 3.64% 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.