abrdn Asian Income Fund (LON:AAIF) Stock Price Passes Above Fifty Day Moving Average of $211.71

abrdn Asian Income Fund (LON:AAIF) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 211.71 ($2.69) and traded as high as GBX 216 ($2.74). abrdn Asian Income Fund shares last traded at GBX 215.50 ($2.73), with a volume of 43,168 shares changing hands.

abrdn Asian Income Fund Price Performance

The firm has a market cap of £348.82 million, a PE ratio of 4,300.00 and a beta of 0.72. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.11 and a current ratio of 0.13. The company’s 50-day simple moving average is GBX 211.99 and its two-hundred day simple moving average is GBX 205.56.

abrdn Asian Income Fund Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, May 24th. Shareholders of record on Thursday, April 25th were given a dividend of GBX 2.55 ($0.03) per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a yield of 1.23%. abrdn Asian Income Fund’s payout ratio is currently 24,000.00%.

Insider Buying and Selling at abrdn Asian Income Fund

In other news, insider Jane Routledge purchased 8,527 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was acquired at an average price of GBX 211 ($2.68) per share, with a total value of £17,991.97 ($22,823.76). 3.49% of the stock is currently owned by corporate 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.