abrdn New India Investment Trust (LON:ANII) Trading 0.8% Higher - Here's Why

Key Points

• The shares of abrdn New India Investment Trust traded up 0.8%, reaching a last price of GBX 782 ($10.40), despite a significant decline in trading volume of 61% compared to the average session.
• The company has a market capitalization of £356.51 million and a notably high PE ratio of 1,247.41, indicating investor sentiment and valuation concerns.
• Insider buying activity was noted with two insiders purchasing shares at an average price of around GBX 790, showing confidence in the stock from those within the company.

Shares of abrdn New India Investment Trust (LON:ANII - ) traded up 0.8% on Thursday . The stock traded as high as GBX 782 ($10.40) and last traded at GBX 782 ($10.40). 30,294 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 78,331 shares. The stock had previously closed at GBX 776 ($10.32).

abrdn New India Investment Trust Stock Performance

The company has a market capitalization of £356.51 million, a PE ratio of 1,247.41 and a beta of 0.46. The company has a 50 day moving average of GBX 785.31 and a two-hundred day moving average of GBX 785.66. The company has a debt-to-equity ratio of 3.98, a current ratio of 0.47 and a quick ratio of 0.22.

Insider Buying and Selling at abrdn New India Investment Trust

In other news, insider Rebecca Donaldson purchased 632 shares of abrdn New India Investment Trust stock in a transaction that occurred on Tuesday, September 16th. The shares were bought at an average cost of GBX 790 per share, with a total value of £4,992.80. Also, insider Andrew Robson purchased 1,500 shares of abrdn New India Investment Trust stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average cost of GBX 793 per share, for a total transaction of £11,895. 0.80% of the stock is owned by corporate insiders.

About abrdn New India Investment Trust

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.