abrdn Asia Focus (LON:AAS) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

abrdn Asia Focus plc (LON:AAS) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 286.04 ($3.55) and traded as high as GBX 295.92 ($3.68). abrdn Asia Focus shares last traded at GBX 293 ($3.64), with a volume of 17,435 shares.

abrdn Asia Focus Trading Down 0.7 %

The stock has a market cap of £449.90 million, a PE ratio of 3,255.56 and a beta of 0.62. The company has a debt-to-equity ratio of 14.19, a quick ratio of 3.67 and a current ratio of 11.29. The company’s 50-day moving average price is GBX 286.04 and its 200 day moving average price is GBX 280.93.

abrdn Asia Focus Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 0.36%. abrdn Asia Focus’s payout ratio is currently 6,666.67%.

Insider Activity

In other abrdn Asia Focus news, insider Krishna Shanmuganathan bought 8,812 shares of abrdn Asia Focus stock in a transaction on Friday, October 25th. The shares were bought at an average cost of GBX 282 ($3.50) per share, for a total transaction of £24,849.84 ($30,869.37). Insiders own 7.99% of the company’s stock.

About abrdn Asia Focus

Aberdeen Standard Asia Focus PLC operates as an investment trust that invests in a portfolio of smaller companies in Japan, Asia, and Australasia. The trust invests in companies operating in various sectors, including auto components; beverages; chemicals; commercial banks; containers and packaging; diversified financial services; food and staples retailing; hotels, restaurants, and leisure; industrial conglomerates; multiline retail; paper and forest products; real estate; and transportation infrastructure.