abrdn Asian Income Fund (LON:AAIF) Stock Price Up 1.5% – What’s Next?

abrdn Asian Income Fund (LON:AAIF – Get Free Report) shares were up 1.5% on Friday. The stock traded as high as GBX 282 and last traded at GBX 279. Approximately 304,907 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 328,057 shares. The stock had previously closed at GBX 275.

abrdn Asian Income Fund Stock Up 1.5%

The firm’s fifty day moving average price is GBX 311.50 and its two-hundred day moving average price is GBX 306.46. The stock has a market cap of £396.69 million, a price-to-earnings ratio of 2.22 and a beta of 0.70. The company has a debt-to-equity ratio of 8.03, a current ratio of 0.47 and a quick ratio of 0.11.

abrdn Asian Income Fund (LON:AAIF – Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The company reported GBX 12.36 earnings per share for the quarter. abrdn Asian Income Fund had a return on equity of 39.44% and a net margin of 93.24%.

Insider Activity at abrdn Asian Income Fund

In other abrdn Asian Income Fund news, insider Martin Rowley acquired 6,950 shares of the stock in a transaction on Monday, October 26th. The shares were purchased at an average price of GBX 289 per share, for a total transaction of £20,085.50. Also, insider Nicky McCabe acquired 3,453 shares of the company’s stock in a transaction on Friday, October 23rd. The stock was acquired at an average cost of GBX 289 per share, for a total transaction of £9,979.17. In the last 90 days, insiders acquired 22,871 shares of company stock valued at $6,755,469. 0.25% of the stock is owned by company insiders.

abrdn Asian Income Fund Company Profile

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Targeting the income and growth potential of Asia’s most compelling and sustainable companies.

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