abrdn Asian Income Fund (LON:AAIF) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

abrdn Asian Income Fund (LON:AAIF)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 284.53 and traded as low as GBX 270. abrdn Asian Income Fund shares last traded at GBX 273.45, with a volume of 193,812 shares trading hands.

abrdn Asian Income Fund Price Performance

The company has a 50 day moving average of GBX 284.53 and a two-hundred day moving average of GBX 267.11. The firm has a market cap of £389.71 million, a P/E ratio of 23.94 and a beta of 0.88. The company has a quick ratio of 0.11, a current ratio of 0.63 and a debt-to-equity ratio of 7.72.

abrdn Asian Income Fund (LON:AAIF) last issued its quarterly earnings results on Wednesday, March 18th. The company reported GBX 14.73 EPS for the quarter. abrdn Asian Income Fund had a net margin of 89.27% and a return on equity of 19.40%.

abrdn Asian Income Fund Company Profile

Targeting the income and growth potential of Asia’s most compelling and sustainable companies.