abrdn Asia Focus (LON:AAS) Trading 0.3% Higher – Time to Buy?

Shares of abrdn Asia Focus plc (LON:AAS) rose 0.3% during trading on Thursday . The company traded as high as GBX 288.89 ($3.66) and last traded at GBX 288 ($3.65). Approximately 63,699 shares were traded during trading, a decline of 69% from the average daily volume of 203,394 shares. The stock had previously closed at GBX 287 ($3.64).

abrdn Asia Focus Trading Up 0.3 %

The firm has a market capitalization of £442.22 million, a price-to-earnings ratio of 3,200.00 and a beta of 0.62. 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 company has a 50-day moving average price of GBX 283.61 and a 200-day moving average price of GBX 279.49.

abrdn Asia Focus Cuts Dividend

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

Insider Buying and Selling

In other abrdn Asia Focus news, insider Krishna Shanmuganathan bought 8,812 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was acquired at an average cost of GBX 282 ($3.57) per share, with a total value of £24,849.84 ($31,499.35). 7.99% of the stock is owned by company 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.