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

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Key Points

  • abrdn Asian Income Fund (LON:AAIF) shares crossed above their 50-day moving average of GBX 229.70 during trading, reaching a high of GBX 240.
  • The fund has a market cap of £353.40 million, with a PE ratio of 8.37 and a net margin of 85.32%.
  • In its latest earnings report, the fund posted an EPS of GBX 8.75 and a return on equity of 11.73%.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of abrdn Asian Income Fund (LON:AAIF - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 229.70 ($3.10) and traded as high as GBX 240 ($3.24). abrdn Asian Income Fund shares last traded at GBX 236 ($3.19), with a volume of 512,329 shares trading hands.

abrdn Asian Income Fund Stock Performance

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 stock has a 50 day simple moving average of GBX 230.70 and a 200 day simple moving average of GBX 217.86. The company has a market capitalization of £358.17 million, a price-to-earnings ratio of 8.48 and a beta of 0.70.

abrdn Asian Income Fund (LON:AAIF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported GBX 8.75 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%.

abrdn Asian Income Fund Company Profile

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