abrdn Asian Income Fund (LON:AAIF) Sets New 52-Week High – Should You Buy?

abrdn Asian Income Fund (LON:AAIF)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 224 ($2.84) and last traded at GBX 222 ($2.81), with a volume of 142537 shares. The stock had previously closed at GBX 219 ($2.77).

abrdn Asian Income Fund Stock Up 1.4 %

The business’s 50-day simple moving average is GBX 219.14 and its 200 day simple moving average is GBX 215.21. The firm has a market cap of £346.36 million, a PE ratio of 785.71 and a beta of 0.70. The company has a current ratio of 0.26, a quick ratio of 0.11 and a debt-to-equity ratio of 8.19.

abrdn Asian Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 24th were paid a dividend of GBX 2.55 ($0.03) per share. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, October 24th. abrdn Asian Income Fund’s dividend payout ratio (DPR) is currently 4,285.71%.

Insider Transactions at abrdn Asian Income Fund

In related news, insider Ian Cadby purchased 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of GBX 223 ($2.82) per share, with a total value of £17,840 ($22,579.42). Insiders own 3.64% of the company’s stock.

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.