abrdn Asia Focus (LON:AAS) Sets New 1-Year High - Here's Why

Key Points

• abrdn Asia Focus plc shares reached a new 52-week high, trading at GBX 343 ($4.55) with a market cap of £518.51 million.
• Insider Alex Finn purchased 2,500 shares at an average cost of GBX 320 ($4.25), indicating strong confidence from management in the company's prospects.
• The company has a PE ratio of 14.22 and a beta of 0.62, suggesting it is relatively stable compared to the market.

abrdn Asia Focus plc (LON:AAS - ) shares reached a new 52-week high on Monday . The company traded as high as GBX 343 ($4.55) and last traded at GBX 342.50 ($4.55), with a volume of 129019 shares trading hands. The stock had previously closed at GBX 339 ($4.50).

abrdn Asia Focus Stock Performance

The company has a market cap of £518.51 million, a PE ratio of 14.22 and a beta of 0.62. The company's 50 day moving average price is GBX 322.12 and its 200-day moving average price is GBX 300.56.

Insider Transactions at abrdn Asia Focus

In other news, insider Alex Finn bought 2,500 shares of the stock in a transaction on Wednesday, June 18th. The shares were purchased at an average cost of GBX 320 ($4.25) per share, for a total transaction of £8,000 ($10,622.76). 7.99% of the stock is owned by corporate insiders.

abrdn Asia Focus Company Profile

A fundamental, high conviction portfolio of well-researched Asian small caps.

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