abrdn Asian Income Fund (LON:AAIF) Share Price Crosses Above Fifty Day Moving Average of $201.11

abrdn Asian Income Fund Limited (LON:AAIF)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 201.11 ($2.54) and traded as high as GBX 202.84 ($2.56). abrdn Asian Income Fund shares last traded at GBX 200 ($2.52), with a volume of 89,060 shares changing hands.

abrdn Asian Income Fund Stock Performance

The company has a market cap of £333.33 million, a PE ratio of -20,000.00 and a beta of 0.68. The company has a current ratio of 0.18, a quick ratio of 0.11 and a debt-to-equity ratio of 10.37. The business has a fifty day moving average of GBX 201.11 and a 200-day moving average of GBX 208.09.

abrdn Asian Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, August 25th. Investors of record on Thursday, July 27th were issued a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a yield of 1.23%. abrdn Asian Income Fund’s dividend payout ratio is presently -100,000.00%.

Insider Activity at abrdn Asian Income Fund

In other abrdn Asian Income Fund news, insider Mark Florance purchased 1,485 shares of abrdn Asian Income Fund stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average price of GBX 202 ($2.55) per share, for a total transaction of £2,999.70 ($3,781.29). 3.17% of the stock is owned by company insiders.

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.