abrdn New India Investment Trust (LON:ANII) Stock Jumps 0.4% – Still a Buy?

abrdn New India Investment Trust (LON:ANII – Get Free Report) shares traded up 0.4% during trading on Thursday. The stock traded as high as GBX 710 and last traded at GBX 710. 52,799 shares changed hands during trading, a decline of 45% from the average daily volume of 96,081 shares. The stock had previously closed at GBX 707.

abrdn New India Investment Trust Price Performance

The firm has a fifty day moving average of GBX 714.40 and a 200 day moving average of GBX 699.89. The company has a current ratio of 0.63, a quick ratio of 0.22 and a debt-to-equity ratio of 4.00. The company has a market capitalization of £302.23 million, a P/E ratio of -3.84 and a beta of 0.27.

Insider Buying and Selling

In related news, insider Francesca Ecsery bought 405 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was acquired at an average cost of GBX 734 per share, for a total transaction of £2,972.70. Company insiders own 1.12% of the company’s stock.

About abrdn New India Investment Trust

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