abrdn Asian Income Fund (LON:AAIF – Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 225 ($2.75) and last traded at GBX 222 ($2.71), with a volume of 166412 shares trading hands. The stock had previously closed at GBX 220 ($2.69).
abrdn Asian Income Fund Trading Up 0.9 %
The company’s 50 day simple moving average is GBX 220.19 and its 200 day simple moving average is GBX 216.95. The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11. The firm has a market cap of £346.36 million, a price-to-earnings ratio of 792.86 and a beta of 0.70.
Insider Buying and Selling at abrdn Asian Income Fund
In related news, insider Ian Cadby bought 8,000 shares of the stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of GBX 223 ($2.72) per share, for a total transaction of £17,840 ($21,780.00). 3.64% of the stock is currently owned by 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.
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