abrdn Asian Income Fund (LON:AAIF) Stock Crosses Below 50 Day Moving Average – Should You Sell?

abrdn Asian Income Fund (LON:AAIF) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 284.53 and traded as low as GBX 270. abrdn Asian Income Fund shares last traded at GBX 273.45, with a volume of 193,812 shares.

abrdn Asian Income Fund Stock Performance

The stock’s 50-day moving average price is GBX 284.53 and its 200 day moving average price is GBX 267.35. The firm has a market cap of £396.19 million, a P/E ratio of 24.34 and a beta of 0.88. The company has a debt-to-equity ratio of 7.72, a current ratio of 0.63 and a quick ratio of 0.11.

abrdn Asian Income Fund (LON:AAIF) last released its earnings results on Wednesday, March 18th. The company reported GBX 14.73 earnings per share for the quarter. abrdn Asian Income Fund had a net margin of 89.27% and a return on equity of 19.40%.

abrdn Asian Income Fund Company Profile

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