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

abrdn Asian Income Fund logo with Financial Services background

abrdn Asian Income Fund (LON:AAIF - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 204.67 ($2.77) and traded as high as GBX 212.16 ($2.88). abrdn Asian Income Fund shares last traded at GBX 212 ($2.87), with a volume of 178,557 shares.

abrdn Asian Income Fund Stock Performance

The stock's fifty day moving average price is GBX 204.63 and its 200 day moving average price is GBX 214.97. 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 has a market capitalization of £319.37 million, a P/E ratio of 7.56 and a beta of 0.70.

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

Insider Buying and Selling at abrdn Asian Income Fund

In related news, insider Mark Florance acquired 2,100 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average cost of GBX 190 ($2.57) per share, for a total transaction of £3,990 ($5,407.24). Insiders own 3.64% of the company's stock.

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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