abrdn Asian Income Fund (LON:AAIF) Reaches New 52-Week High – What’s Next?

abrdn Asian Income Fund (LON:AAIF) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 225 ($2.75) and last traded at GBX 222 ($2.71), with a volume of 166412 shares trading hands. The stock had previously closed at GBX 220 ($2.69).

abrdn Asian Income Fund Stock Performance

The company has a current ratio of 0.26, a quick ratio of 0.11 and a debt-to-equity ratio of 8.19. The firm has a market capitalization of £346.36 million, a PE ratio of 792.86 and a beta of 0.70. The stock’s 50 day moving average price is GBX 220.19 and its two-hundred day moving average price is GBX 216.95.

Insider Buying and Selling at abrdn Asian Income Fund

In other news, insider Ian Cadby bought 8,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of GBX 223 ($2.72) per share, with a total value of £17,840 ($21,780.00). 3.64% of the stock is currently owned by insiders.

About abrdn Asian Income Fund

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.