abrdn Asian Income Fund (LON:AAIF) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

abrdn Asian Income Fund (LON:AAIF) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 218.97 ($2.71) and traded as high as GBX 222 ($2.75). abrdn Asian Income Fund shares last traded at GBX 221.37 ($2.74), with a volume of 26,766 shares trading hands.

abrdn Asian Income Fund Price Performance

The firm’s fifty day moving average is GBX 219.12 and its 200 day moving average is GBX 216.52. The company has a market capitalization of £344.80 million, a P/E ratio of 789.29 and a beta of 0.70. The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.11 and a current ratio of 0.26.

abrdn Asian Income Fund Announces Dividend

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

Insider Buying and Selling

In other news, insider Ian Cadby purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of GBX 223 ($2.76) per share, for a total transaction of £17,840 ($22,081.94). 3.64% of the stock is currently owned by company 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.