abrdn New India Investment Trust (LON:ANII) Shares Up 0.5% Following Insider Buying Activity

Key Points

• The share price of abrdn New India Investment Trust (LON:ANII) increased by 0.5% following an insider purchase of 632 shares at an average price of GBX 790.
• As of the latest data, the company has a market capitalization of £366.80 million and a notably high price-to-earnings ratio of 1,272.93.
• The stock has experienced a decline in trading volume, with approximately 61,544 shares exchanged, a decrease of 23% compared to the average daily volume.

abrdn New India Investment Trust (LON:ANII - Get Free Report) was up 0.5% during mid-day trading on Thursday after an insider bought additional shares in the company. The company traded as high as GBX 798 ($10.75) and last traded at GBX 798 ($10.75). Approximately 61,544 shares were traded during trading, a decline of 23% from the average daily volume of 79,642 shares. The stock had previously closed at GBX 794 ($10.70).

Specifically, insider Rebecca Donaldson bought 632 shares of abrdn New India Investment Trust stock in a transaction dated Tuesday, September 16th. The shares were purchased at an average cost of GBX 790 per share, with a total value of £4,992.80.

abrdn New India Investment Trust Stock Up 0.3%

The stock has a market capitalization of £367.72 million, a PE ratio of 1,276.12 and a beta of 0.46. The stock's 50-day moving average price is GBX 795.44 and its two-hundred day moving average price is GBX 780.14. The company has a debt-to-equity ratio of 3.98, a quick ratio of 0.22 and a current ratio of 0.47.

abrdn New India Investment Trust (LON:ANII - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported GBX (4.24) earnings per share (EPS) for the quarter. abrdn New India Investment Trust had a return on equity of 26.93% and a net margin of 77.86%.

abrdn New India Investment Trust Company Profile

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