abrdn Asia Focus (LON:AAS) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of abrdn Asia Focus plc (LON:AAS) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 278.18 ($3.61) and traded as high as GBX 285 ($3.70). abrdn Asia Focus shares last traded at GBX 280 ($3.64), with a volume of 465,758 shares.

abrdn Asia Focus Stock Up 0.3 %

The business’s 50 day simple moving average is GBX 278.32 and its 200-day simple moving average is GBX 277.48. 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 has a market cap of £431.17 million, a price-to-earnings ratio of 3,200.00 and a beta of 0.62.

abrdn Asia Focus Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be paid a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 0.36%. abrdn Asia Focus’s payout ratio is 6,666.67%.

Insider Activity at abrdn Asia Focus

In other abrdn Asia Focus news, insider Lucy Macdonald bought 12,000 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of GBX 260 ($3.38) per share, with a total value of £31,200 ($40,508.96). 7.99% of the stock is owned by company insiders.

abrdn Asia Focus Company Profile

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.