abrdn New India Investment Trust (LON:ANII) Stock Price Up 0.5% – Should You Buy?

Shares of abrdn New India Investment Trust (LON:ANIIGet Free Report) shot up 0.5% during mid-day trading on Thursday . The company traded as high as GBX 824 ($11.06) and last traded at GBX 824 ($11.06). 26,427 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 89,469 shares. The stock had previously closed at GBX 820 ($11.01).

abrdn New India Investment Trust Trading Up 0.5%

The company has a current ratio of 0.47, a quick ratio of 0.22 and a debt-to-equity ratio of 3.98. The stock has a 50-day simple moving average of GBX 804.75 and a 200 day simple moving average of GBX 769.75. The company has a market cap of £399.90 million, a price-to-earnings ratio of 3.43 and a beta of 0.46.

abrdn New India Investment Trust (LON:ANIIGet Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported GBX (4.24) (($0.06)) EPS for the quarter. abrdn New India Investment Trust had a net margin of 77.86% and a return on equity of 26.93%.

abrdn New India Investment Trust Company Profile

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