abrdn Asian Income Fund (LON:AAIF) Stock Passes Below 200 Day Moving Average – Time to Sell?

abrdn Asian Income Fund (LON:AAIF) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 216.24 ($2.71) and traded as low as GBX 214 ($2.68). abrdn Asian Income Fund shares last traded at GBX 214 ($2.68), with a volume of 34,536 shares traded.

abrdn Asian Income Fund Price Performance

The firm has a market capitalization of £333.88 million, a P/E ratio of 764.29 and a beta of 0.70. The business’s 50-day simple moving average is GBX 219.26 and its 200 day simple moving average is GBX 216.22. The company has a quick ratio of 0.11, a current ratio of 0.26 and a debt-to-equity ratio of 8.19.

abrdn Asian Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th were paid a GBX 2.55 ($0.03) dividend. This represents a yield of 1.16%. The ex-dividend date of this dividend was Thursday, October 24th. abrdn Asian Income Fund’s dividend payout ratio is presently 4,285.71%.

Insider Activity

In other news, insider Ian Cadby purchased 8,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of GBX 223 ($2.80) per share, with a total value of £17,840 ($22,375.52). Insiders own 3.64% of the company’s stock.

abrdn Asian Income Fund Company Profile

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.