abrdn Asia Focus (LON:AAS) Sets New 52-Week High – Should You Buy?

abrdn Asia Focus plc (LON:AAS)’s share price reached a new 52-week high on Friday . The stock traded as high as GBX 297.01 ($3.72) and last traded at GBX 296 ($3.71), with a volume of 76156 shares trading hands. The stock had previously closed at GBX 294 ($3.68).

abrdn Asia Focus Trading Up 0.7 %

The company has a debt-to-equity ratio of 14.19, a quick ratio of 3.67 and a current ratio of 11.29. The firm has a market cap of £454.51 million, a PE ratio of 3,288.89 and a beta of 0.62. The company has a 50 day simple moving average of GBX 284.69 and a two-hundred day simple moving average of GBX 280.29.

abrdn Asia Focus Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were paid a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, November 21st. This represents a dividend yield of 0.36%. abrdn Asia Focus’s payout ratio is 6,666.67%.

Insider Buying and Selling

In related news, insider Krishna Shanmuganathan acquired 8,812 shares of abrdn Asia Focus stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average price of GBX 282 ($3.53) per share, for a total transaction of £24,849.84 ($31,140.15). 7.99% of the stock is currently owned by insiders.

About abrdn Asia Focus

Aberdeen Standard Asia Focus PLC operates as an investment trust that invests in a portfolio of smaller companies in Japan, Asia, and Australasia. The trust invests in companies operating in various sectors, including auto components; beverages; chemicals; commercial banks; containers and packaging; diversified financial services; food and staples retailing; hotels, restaurants, and leisure; industrial conglomerates; multiline retail; paper and forest products; real estate; and transportation infrastructure.