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Ashoka India Equity Investment (LON:AIE) Shares Pass Above 200-Day Moving Average - Here's Why

Ashoka India Equity Investment logo with Financial Services background

Ashoka India Equity Investment (LON:AIE - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 275.37 ($3.74) and traded as high as GBX 279 ($3.79). Ashoka India Equity Investment shares last traded at GBX 276.50 ($3.75), with a volume of 198,155 shares changing hands.

Ashoka India Equity Investment Stock Up 0.7%

The firm has a market cap of £462.29 million, a PE ratio of 3.80 and a beta of 0.50. The firm has a 50-day moving average price of GBX 264.92 and a two-hundred day moving average price of GBX 275.32.

Ashoka India Equity Investment (LON:AIE - Get Free Report) last released its earnings results on Monday, March 10th. The company reported GBX (0.24) ($0.00) earnings per share for the quarter. Ashoka India Equity Investment had a net margin of 82.47% and a return on equity of 26.35%.

Ashoka India Equity Investment Company Profile

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ASHOKA INDIA EQUITY INVESTMENT TRUST IS A HIGH CONVICTION, LONG-ONLY INVESTMENT TRUST, INVESTING MAINLY IN SECURITIES LISTED IN INDIA AND LISTED SECURITIES OF COMPANIES WITH A SIGNIFICANT PRESENCE IN INDIA

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