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abrdn Asian Income Fund (LON:AAIF) Share Price Passes Above 50-Day Moving Average - Time to Sell?

abrdn Asian Income Fund logo with Financial Services background

Key Points

  • The abrdn Asian Income Fund (LON:AAIF) stock price has recently surpassed its 50-day moving average, indicating potential upward momentum.
  • The company reported earnings per share of GBX 8.75 in its last quarterly results, with a robust net margin of 85.32%.
  • Currently, abrdn Asian Income Fund holds a debt-to-equity ratio of 8.19, highlighting a significant leverage level.
  • MarketBeat previews top five stocks to own in October.

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 231.78 ($3.13) and traded as high as GBX 241 ($3.25). abrdn Asian Income Fund shares last traded at GBX 238 ($3.21), with a volume of 456,192 shares changing hands.

abrdn Asian Income Fund Stock Performance

The stock has a market cap of £343.27 million, a P/E ratio of 1,107.49 and a beta of 0.70. The company has a fifty day moving average price of GBX 232.48 and a 200 day moving average price of GBX 218.39. The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11.

abrdn Asian Income Fund (LON:AAIF - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported GBX 8.75 EPS for the quarter. abrdn Asian Income Fund had a return on equity of 11.73% and a net margin of 85.32%.

abrdn Asian Income Fund Company Profile

(Get Free Report)

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

Further Reading

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