abrdn Asian Income Fund (LON:AAIF) Hits New 52-Week High – Time to Buy?

Posted by Matthew Steigler on Jan 8th, 2025

abrdn Asian Income Fund (LON:AAIF – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 226 ($2.82) and last traded at GBX 223 ($2.78), with a volume of 305706 shares. The stock had previously closed at GBX 222 ($2.77).

abrdn Asian Income Fund Trading Up 0.5 %

The firm has a 50 day moving average of GBX 219.44 and a 200 day moving average of GBX 216.74. The firm has a market cap of £347.92 million, a PE ratio of 796.43 and a beta of 0.70. The company has a quick ratio of 0.11, a current ratio of 0.26 and a debt-to-equity ratio of 8.19.

abrdn Asian Income Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th were paid a dividend of GBX 2.55 ($0.03) per share. The ex-dividend date was Thursday, October 24th. This represents a dividend yield of 1.16%. abrdn Asian Income Fund’s payout ratio is 4,285.71%.

Insider Activity at abrdn Asian Income Fund

In related news, insider Ian Cadby purchased 8,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was purchased at an average cost of GBX 223 ($2.78) per share, with a total value of £17,840 ($22,255.49). 3.64% of the stock is currently owned by company insiders.

abrdn Asian Income Fund Company Profile

(Get Free Report)

Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited. It is managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity and fixed income markets of the Asia Pacific Region. It seeks to invest in the stocks of companies operating across diversified sectors.