abrdn New India Investment Trust (LON:ANII) Stock Price Down 4% - What's Next?

Key Points

• abrdn New India Investment Trust shares fell about 4% to GBX 664 (intraday low GBX 660) with volume up ~42% to ~220,242 shares versus an average of 155,231.
• The stock trades below its 50‑day (GBX 728.06) and 200‑day (GBX 767.43) moving averages, has a market cap of £293.8 million, a negative P/E of -5.17 and a low beta of 0.09.
• Insider Irina Miklavchich bought 1,800 shares at GBX 744 on Feb 4, and insiders collectively own about 1.05% of the company.

abrdn New India Investment Trust (LON:ANII - )'s share price dropped 4% on Thursday . The company traded as low as GBX 660 and last traded at GBX 664. Approximately 220,242 shares were traded during trading, an increase of 42% from the average daily volume of 155,231 shares. The stock had previously closed at GBX 692.

abrdn New India Investment Trust Stock Performance

The firm has a fifty day moving average of GBX 728.06 and a 200-day moving average of GBX 767.43. The stock has a market capitalization of £293.81 million, a price-to-earnings ratio of -5.17 and a beta of 0.09.

Insider Buying and Selling at abrdn New India Investment Trust

In related news, insider Irina Miklavchich purchased 1,800 shares of abrdn New India Investment Trust stock in a transaction that occurred on Wednesday, February 4th. The shares were purchased at an average cost of GBX 744 per share, with a total value of £13,392. 1.05% of the stock is owned by insiders.

abrdn New India Investment Trust Company Profile

Looking for world-class, well governed companies at the heart of India's growth story

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