Invesco Asia Trust (LON:IAT) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Invesco Asia Trust plc (LON:IAT) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 341.44 ($4.17) and traded as high as GBX 345.10 ($4.21). Invesco Asia Trust shares last traded at GBX 342 ($4.18), with a volume of 77,736 shares.

Invesco Asia Trust Price Performance

The stock has a market cap of £221.92 million, a PE ratio of 4,275.00 and a beta of 0.64. The business has a 50 day moving average price of GBX 341.40 and a 200 day moving average price of GBX 331.74. The company has a quick ratio of 0.36, a current ratio of 0.11 and a debt-to-equity ratio of 5.32.

Invesco Asia Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a GBX 3.90 ($0.05) dividend. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 1.14%. Invesco Asia Trust’s dividend payout ratio (DPR) is currently 18,750.00%.

Invesco Asia Trust Company Profile

Managed by Ian Hargreaves and Fiona Yang, the Company’s objective is to provide long-term capital growth and income by investing in a diversified portfolio of Asian and Australasian companies. The Company aims to achieve growth in its Net Asset Value (NAV) in excess of the Benchmark Index, the MSCI AC Asia ex Japan Index (total return, net of withholding tax, in sterling terms).