abrdn Asian Income Fund (LON:AAIF) Shares Cross Below Fifty Day Moving Average – Should You Sell?

abrdn Asian Income Fund (LON:AAIF)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 284.53 and traded as low as GBX 270. abrdn Asian Income Fund shares last traded at GBX 273.45, with a volume of 193,812 shares changing hands.

abrdn Asian Income Fund Trading Up 0.2%

The firm’s 50-day simple moving average is GBX 284.53 and its 200 day simple moving average is GBX 267.11. The stock has a market cap of £389.71 million, a P/E ratio of 23.94 and a beta of 0.88. The company has a current ratio of 0.63, a quick ratio of 0.11 and a debt-to-equity ratio of 7.72.

abrdn Asian Income Fund (LON:AAIF) last released its quarterly earnings results on Wednesday, March 18th. The company reported GBX 14.73 earnings per share for the quarter. abrdn Asian Income Fund had a return on equity of 19.40% and a net margin of 89.27%.

abrdn Asian Income Fund Company Profile

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