Invesco Asia Trust (LON:IAT) Share Price Passes Below 50-Day Moving Average - Here's Why

Invesco Asia Trust plc (LON:IAT - Get Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 336.10 ($4.47) and traded as low as GBX 304 ($4.04). Invesco Asia Trust shares last traded at GBX 310 ($4.12), with a volume of 90,905 shares changing hands.

Invesco Asia Trust Stock Performance

The company has a market capitalization of £209.82 million, a price-to-earnings ratio of 2.41 and a beta of 0.64. The firm has a 50-day moving average price of GBX 333.38 and a 200-day moving average price of GBX 338.26. The company has a current ratio of 0.10, a quick ratio of 0.36 and a debt-to-equity ratio of 5.32.

Invesco Asia Trust (LON:IAT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) earnings per share (EPS) for the quarter. Invesco Asia Trust had a return on equity of 37.05% and a net margin of 879.58%.

Invesco Asia Trust Company Profile

Managed by Ian Hargreaves and Fiona Yang, the Company's objective is to provide long-term capital growth and income by investing in a diversified portfolio of Asian and Australasian companies. The Company aims to achieve growth in its Net Asset Value (NAV) in excess of the Benchmark Index, the MSCI AC Asia ex Japan Index (total return, net of withholding tax, in sterling terms).