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

abrdn Asian Income Fund logo with Financial Services background

Key Points

  • The abrdn Asian Income Fund (LON:AAIF) has recently crossed above its 50-day moving average, indicating potential positive momentum in its trading performance.
  • As of the last trading session, the stock reached a high of GBX 238 ($3.14) and was last traded at GBX 234 ($3.09) with a volume of 329,553 shares.
  • The company has a market capitalization of £346.19 million and a relatively low P/E ratio of 8.20, suggesting it may be undervalued compared to peers.
  • Want stock alerts on abrdn Asian Income Fund? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of abrdn Asian Income Fund (LON:AAIF - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 224.18 ($2.98) and traded as high as GBX 238 ($3.16). abrdn Asian Income Fund shares last traded at GBX 234 ($3.11), with a volume of 329,553 shares trading hands.

abrdn Asian Income Fund Trading Up 0.4%

The stock has a market cap of £349.22 million, a price-to-earnings ratio of 8.27 and a beta of 0.70. The company has a quick ratio of 0.11, a current ratio of 0.26 and a debt-to-equity ratio of 8.19. The business's 50 day simple moving average is GBX 224.94 and its 200 day simple moving average is GBX 216.85.

abrdn Asian Income Fund Company Profile

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

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