abrdn Asia Focus (LON:AAS) Sets New 12-Month High – Here’s Why

abrdn Asia Focus plc (LON:AAS)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 298 ($3.68) and last traded at GBX 298 ($3.68), with a volume of 498670 shares changing hands. The stock had previously closed at GBX 294 ($3.63).

abrdn Asia Focus Stock Up 0.3 %

The company has a fifty day moving average price of GBX 286.93 and a 200-day moving average price of GBX 281.24. The stock has a market capitalization of £457.58 million, a P/E ratio of 3,311.11 and a beta of 0.62. The company has a quick ratio of 3.67, a current ratio of 11.29 and a debt-to-equity ratio of 14.19.

abrdn Asia Focus Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 0.36%. abrdn Asia Focus’s dividend payout ratio (DPR) is presently 6,666.67%.

Insider Activity

In other abrdn Asia Focus news, insider Krishna Shanmuganathan bought 8,812 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was acquired at an average cost of GBX 282 ($3.49) per share, for a total transaction of £24,849.84 ($30,716.74). Corporate insiders own 7.99% of the company’s stock.

About abrdn Asia Focus

A fundamental, high conviction portfolio of well-researched Asian small caps.