abrdn Asia Focus (LON:AAS) Stock Passes Above 50 Day Moving Average – Should You Sell?

Shares of abrdn Asia Focus plc (LON:AAS) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 289.58 ($3.57) and traded as high as GBX 302 ($3.72). abrdn Asia Focus shares last traded at GBX 299 ($3.69), with a volume of 67,847 shares trading hands.

abrdn Asia Focus Price Performance

The business has a 50 day simple moving average of GBX 289.58 and a 200-day simple moving average of GBX 282.28. The company has a market capitalization of £458.42 million, a P/E ratio of 3,317.22 and a beta of 0.62. The company has a quick ratio of 3.67, a current ratio of 11.29 and a debt-to-equity ratio of 14.19.

abrdn Asia Focus (LON:AAS) last posted its earnings results on Thursday, October 24th. The company reported GBX 8.59 ($0.11) earnings per share (EPS) for the quarter. abrdn Asia Focus had a net margin of 54.61% and a return on equity of 3.34%.

abrdn Asia Focus Cuts Dividend

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

Insider Activity at abrdn Asia Focus

In related news, insider Krishna Shanmuganathan purchased 8,812 shares of the company’s stock in a transaction on Friday, October 25th. The shares were bought at an average cost of GBX 282 ($3.48) per share, for a total transaction of £24,849.84 ($30,637.21). 7.99% of the stock is owned by insiders.

About abrdn Asia Focus

A fundamental, high conviction portfolio of well-researched Asian small caps.