abrdn Asian Income Fund (LON:AAIF) Share Price Crosses Above 50 Day Moving Average of $213.92

Shares of abrdn Asian Income Fund (LON:AAIF) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 213.92 ($2.75) and traded as high as GBX 213.95 ($2.75). abrdn Asian Income Fund shares last traded at GBX 211 ($2.71), with a volume of 304,155 shares traded.

abrdn Asian Income Fund Price Performance

The company’s 50-day simple moving average is GBX 213.92 and its 200-day simple moving average is GBX 208.09. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.13 and a quick ratio of 0.11. The stock has a market capitalization of £342.33 million, a price-to-earnings ratio of 4,220.00 and a beta of 0.72.

abrdn Asian Income Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th will be given a GBX 2.55 ($0.03) dividend. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 1.17%. abrdn Asian Income Fund’s payout ratio is 24,000.00%.

Insider Activity

In other abrdn Asian Income Fund news, insider Jane Routledge purchased 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 ($2.71) per share, for a total transaction of £17,991.97 ($23,143.77). 3.49% of the stock is owned by company insiders.

About abrdn Asian Income Fund

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.