abrdn New India Investment Trust (LON:ANII) Trading Down 0.2% – Time to Sell?

abrdn New India Investment Trust (LON:ANII) shares traded down 0.2% on Monday . The stock traded as low as GBX 798.63 and last traded at GBX 802. 64,749 shares were traded during mid-day trading, a decline of 17% from the average session volume of 77,603 shares. The stock had previously closed at GBX 804.

abrdn New India Investment Trust Trading Down 0.2%

The firm has a fifty day moving average of GBX 787.71 and a two-hundred day moving average of GBX 794.18. The company has a market cap of £365.63 million, a PE ratio of 12.79 and a beta of 0.46. The company has a current ratio of 0.47, a quick ratio of 0.22 and a debt-to-equity ratio of 3.98.

Insider Buying and Selling at abrdn New India Investment Trust

In related news, insider David Simpson bought 3,250 shares of abrdn New India Investment Trust stock in a transaction on Tuesday, October 28th. The stock was acquired at an average price of GBX 799 per share, with a total value of £25,967.50. Also, insider Andrew Robson bought 1,500 shares of abrdn New India Investment Trust stock in a transaction on Tuesday, August 26th. The shares were bought at an average cost of GBX 793 per share, with a total value of £11,895. Insiders purchased 5,382 shares of company stock valued at $4,285,530 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.

About abrdn New India Investment Trust

Looking for world-class, well governed companies at the heart of India’s growth story