abrdn Asian Income Fund (LON:AAIF) Stock Price Passes Above Fifty Day Moving Average of $211.71

abrdn Asian Income Fund (LON:AAIF)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 211.71 ($2.69) and traded as high as GBX 216 ($2.74). abrdn Asian Income Fund shares last traded at GBX 215.50 ($2.73), with a volume of 43,168 shares.

abrdn Asian Income Fund Price Performance

The company has a current ratio of 0.13, a quick ratio of 0.11 and a debt-to-equity ratio of 8.05. The firm’s 50 day simple moving average is GBX 211.99 and its two-hundred day simple moving average is GBX 205.56. The firm has a market cap of £348.82 million, a price-to-earnings ratio of 4,300.00 and a beta of 0.72.

abrdn Asian Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 24th. Shareholders of record on Thursday, April 25th were paid a GBX 2.55 ($0.03) dividend. This represents a yield of 1.23%. The ex-dividend date of this dividend was Thursday, April 25th. abrdn Asian Income Fund’s dividend payout ratio (DPR) is 24,000.00%.

Insiders Place Their Bets

In other news, insider Jane Routledge bought 8,527 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was bought at an average cost of GBX 211 ($2.68) per share, for a total transaction of £17,991.97 ($22,823.76). Corporate insiders own 3.49% of the company’s stock.

abrdn Asian Income Fund Company Profile

Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited. It is managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity and fixed income markets of the Asia Pacific Region. It seeks to invest in the stocks of companies operating across diversified sectors.