abrdn Asia Focus (LON:AAS) Reaches New 52-Week High – Here’s Why

abrdn Asia Focus plc (LON:AAS)’s share price hit a new 52-week high on Monday . The stock traded as high as GBX 298 ($3.64) and last traded at GBX 298 ($3.64), with a volume of 117480 shares changing hands. The stock had previously closed at GBX 298 ($3.64).

abrdn Asia Focus Stock Performance

The company has a debt-to-equity ratio of 14.19, a current ratio of 11.29 and a quick ratio of 3.67. The stock has a 50-day moving average price of GBX 287.65 and a 200-day moving average price of GBX 281.49. The firm has a market capitalization of £457.58 million, a PE ratio of 3,311.11 and a beta of 0.62.

abrdn Asia Focus Cuts Dividend

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

Insider Activity

In other news, insider Krishna Shanmuganathan purchased 8,812 shares of the stock in a transaction dated Friday, October 25th. The stock was acquired at an average cost of GBX 282 ($3.44) per share, for a total transaction of £24,849.84 ($30,337.98). Company insiders own 7.99% of the company’s stock.

abrdn Asia Focus Company Profile

A fundamental, high conviction portfolio of well-researched Asian small caps.