abrdn New India Investment Trust (LON:ANII) Trading Down 1.1% – Here’s What Happened

abrdn New India Investment Trust (LON:ANII)’s stock price was down 1.1% during trading on Thursday . The company traded as low as GBX 736 and last traded at GBX 742. Approximately 41,889 shares were traded during trading, a decline of 76% from the average daily volume of 172,483 shares. The stock had previously closed at GBX 750.

abrdn New India Investment Trust Stock Down 1.1%

The firm has a market capitalization of £329.44 million, a price-to-earnings ratio of -5.78 and a beta of 0.46. The company has a debt-to-equity ratio of 3.98, a current ratio of 0.47 and a quick ratio of 0.22. The stock has a fifty day moving average of GBX 751.87 and a two-hundred day moving average of GBX 776.88.

abrdn New India Investment Trust (LON:ANII) last announced its earnings results on Thursday, December 11th. The company reported GBX (0.32) EPS for the quarter. abrdn New India Investment Trust had a return on equity of 26.93% and a net margin of 77.86%.

Insiders Place Their Bets

In other news, insider Irina Miklavchich bought 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were acquired at an average price of GBX 744 per share, for a total transaction of £13,392. 0.80% of the stock is 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