Free Trial

Ashoka India Equity Investment (LON:AIE) Stock Crosses Above 200 Day Moving Average - What's Next?

Ashoka India Equity Investment logo with Financial Services background

Key Points

  • Ashoka India Equity Investment shares have crossed above their 200-day moving average of GBX 268.73, trading at GBX 268 ($3.62) with a peak at GBX 270 ($3.65).
  • The company has a market capitalization of £459.60 million and a P/E ratio of 439.63, indicating high investor expectations.
  • Ashoka India Equity Investment primarily focuses on long-only investments in securities listed in India and companies with significant operations in the country.
  • MarketBeat previews top five stocks to own in November.

Ashoka India Equity Investment (LON:AIE - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 268.73 ($3.65) and traded as high as GBX 270 ($3.67). Ashoka India Equity Investment shares last traded at GBX 268 ($3.64), with a volume of 331,213 shares.

Ashoka India Equity Investment Trading Up 0.4%

The stock has a market cap of £460.46 million, a PE ratio of 440.45 and a beta of 0.50. The company's 50 day moving average is GBX 274.43 and its 200-day moving average is GBX 269.

Ashoka India Equity Investment Company Profile

(Get Free Report)

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

Recommended Stories

Should You Invest $1,000 in Ashoka India Equity Investment Right Now?

Before you consider Ashoka India Equity Investment, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ashoka India Equity Investment wasn't on the list.

While Ashoka India Equity Investment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.