abrdn Asian Income Fund (LON:AAIF) Share Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• abrdn Asian Income Fund shares moved above their 50-day moving average, trading as high as GBX 326 and last changing hands at GBX 319.
• The fund now sits above both its 50-day and 200-day moving averages, with a market cap of about £457.89 million and a P/E ratio of 6.31.
• Its most recent earnings report showed GBX 14.73 EPS, alongside a strong return on equity of 19.40% and a net margin of 89.27%.

Shares of abrdn Asian Income Fund (LON:AAIF - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 288.44 and traded as high as GBX 326. abrdn Asian Income Fund shares last traded at GBX 319, with a volume of 376,445 shares trading hands.

abrdn Asian Income Fund Price Performance

The business's 50-day simple moving average is GBX 288.44 and its 200-day simple moving average is GBX 274.86. The stock has a market cap of £457.89 million, a PE ratio of 6.31 and a beta of 0.67. The company has a quick ratio of 0.11, a current ratio of 0.63 and a debt-to-equity ratio of 7.72.

abrdn Asian Income Fund (LON:AAIF - Get Free Report) last posted its earnings results on Wednesday, March 18th. The company reported GBX 14.73 earnings per share (EPS) for the quarter. abrdn Asian Income Fund had a return on equity of 19.40% and a net margin of 89.27%.

abrdn Asian Income Fund Company Profile

Targeting the income and growth potential of Asia's most compelling and sustainable companies.

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