abrdn New India Investment Trust (LON:ANII) Stock Price Up 0.8% – Here’s What Happened

abrdn New India Investment Trust (LON:ANII – Get Free Report)’s share price shot up 0.8% on Friday . The company traded as high as GBX 718 and last traded at GBX 718. Approximately 7,988 shares were traded during trading, a decline of 93% from the average session volume of 119,590 shares. The stock had previously closed at GBX 712.

abrdn New India Investment Trust Stock Up 0.8%

The company has a quick ratio of 0.22, a current ratio of 0.63 and a debt-to-equity ratio of 4.00. The company has a market cap of £309.66 million, a PE ratio of -3.89 and a beta of 0.17. The company’s fifty day moving average is GBX 688.46 and its 200-day moving average is GBX 707.99.

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abrdn New India Investment Trust (LON:ANII – Get Free Report) last announced its earnings results on Thursday, June 18th. The company reported GBX (3.36) earnings per share for the quarter. The company had revenue of GBX 385 million for the quarter. abrdn New India Investment Trust had a negative net margin of 2,108.76% and a negative return on equity of 24.12%.

Insiders Place Their Bets

In other news, insider Francesca Ecsery purchased 436 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average cost of GBX 684 per share, for a total transaction of £2,982.24. Also, insider Irina Miklavchich purchased 4,000 shares of abrdn New India Investment Trust stock in a transaction dated Friday, April 17th. The shares were acquired at an average cost of GBX 700 per share, with a total value of £28,000. 1.09% of the stock is currently owned by corporate insiders.

About abrdn New India Investment Trust

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