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

abrdn Asian Income Fund logo with Financial Services background

Shares of abrdn Asian Income Fund (LON:AAIF - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 205.99 ($2.74) and traded as high as GBX 207 ($2.75). abrdn Asian Income Fund shares last traded at GBX 204 ($2.71), with a volume of 217,072 shares.

abrdn Asian Income Fund Trading Up 1.0 %

The company has a current ratio of 0.26, a quick ratio of 0.11 and a debt-to-equity ratio of 8.19. The company has a market cap of £307.43 million, a PE ratio of 7.28 and a beta of 0.70. The firm has a fifty day moving average of GBX 205.99 and a two-hundred day moving average of GBX 215.82.

abrdn Asian Income Fund (LON:AAIF - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported GBX 11.35 ($0.15) earnings per share (EPS) for the quarter. abrdn Asian Income Fund had a net margin of 85.32% and a return on equity of 11.73%.

Insider Transactions at abrdn Asian Income Fund

In other news, insider Mark Florance acquired 2,100 shares of the firm's stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average cost of GBX 190 ($2.53) per share, for a total transaction of £3,990 ($5,304.44). Insiders own 3.64% of the company's stock.

About abrdn Asian Income Fund

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

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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