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abrdn Asian Income Fund (LON:AAIF) Stock Crosses 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) 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.
  • Five stocks to consider instead of abrdn Asian Income Fund.

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 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 traded.

abrdn Asian Income Fund Stock Down 1.3%

The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11. The stock's fifty day simple moving average is GBX 224.54 and its 200-day simple moving average is GBX 216.87. The stock has a market cap of £344.74 million, a P/E ratio of 8.17 and a beta of 0.70.

abrdn Asian Income Fund Company Profile

(Get Free Report)

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

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