abrdn Asian Income Fund (LON:AAIF) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

abrdn Asian Income Fund (LON:AAIF)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 315.50 and traded as low as GBX 310. abrdn Asian Income Fund shares last traded at GBX 313, with a volume of 325,897 shares changing hands.

abrdn Asian Income Fund Price Performance

The company’s 50 day moving average is GBX 315.20 and its 200 day moving average is GBX 309.90. The company has a current ratio of 0.47, a quick ratio of 0.11 and a debt-to-equity ratio of 8.03. The stock has a market capitalization of £448.40 million, a price-to-earnings ratio of 2.51 and a beta of 0.70.

abrdn Asian Income Fund (LON:AAIF) last announced its quarterly earnings results on Tuesday, August 18th. The company reported GBX 12.36 earnings per share for the quarter. abrdn Asian Income Fund had a net margin of 93.24% and a return on equity of 39.44%.

Insider Buying and Selling at abrdn Asian Income Fund

In other news, insider Jane Routledge bought 5,473 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of GBX 315 per share, with a total value of £17,239.95. Insiders own 0.25% of the company’s stock.

About abrdn Asian Income Fund

Targeting the income and growth potential of Asia’s most compelling and sustainable companies.