abrdn New India Investment Trust (LON:ANII) Shares Up 1%

abrdn New India Investment Trust (LON:ANII) was up 1% on Monday . The stock traded as high as GBX 802 ($10.42) and last traded at GBX 802 ($10.42). Approximately 72,952 shares changed hands during trading, an increase of 0% from the average daily volume of 72,886 shares. The stock had previously closed at GBX 794 ($10.32).

abrdn New India Investment Trust Stock Up 1.0 %

The company has a market cap of £408.86 million, a price-to-earnings ratio of 474.56 and a beta of 0.46. The business has a 50-day simple moving average of GBX 800.71 and a two-hundred day simple moving average of GBX 733.86. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 6.08.

Insiders Place Their Bets

In other news, insider Rebecca Donaldson acquired 1,292 shares of abrdn New India Investment Trust stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of GBX 774 ($10.06) per share, for a total transaction of £10,000.08 ($12,993.87). Company insiders own 6.17% of the company’s stock.

About abrdn New India Investment Trust

Aberdeen New India Investment Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity markets of India. It seeks to invest in stocks of companies operating across diversified sectors.