abrdn Asian Income Fund (LON:AAIF) Hits New 12-Month High – Time to Buy?

Shares of abrdn Asian Income Fund (LON:AAIF) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 224 ($2.82) and last traded at GBX 218 ($2.74), with a volume of 178018 shares. The stock had previously closed at GBX 220 ($2.77).

abrdn Asian Income Fund Price 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 stock has a market cap of £340.12 million, a price-to-earnings ratio of 782.14 and a beta of 0.70. The company has a 50 day simple moving average of GBX 218.96 and a 200-day simple moving average of GBX 215.18.

abrdn Asian Income Fund Dividend Announcement

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

Insider Transactions at abrdn Asian Income Fund

In other abrdn Asian Income Fund news, insider Ian Cadby acquired 8,000 shares of abrdn Asian Income Fund stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of GBX 223 ($2.80) per share, for a total transaction of £17,840 ($22,426.15). Company insiders own 3.64% of the company’s stock.

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.