abrdn New India Investment Trust (LON:ANII) Stock Price Down 0.3% – Here’s Why

abrdn New India Investment Trust (LON:ANII)’s share price was down 0.3% during mid-day trading on Thursday . The company traded as low as GBX 771.40 ($9.57) and last traded at GBX 774 ($9.60). Approximately 70,892 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 161,846 shares. The stock had previously closed at GBX 776 ($9.63).

abrdn New India Investment Trust Stock Up 0.8 %

The firm’s fifty day moving average price is GBX 795.89 and its two-hundred day moving average price is GBX 791.35. The stock has a market cap of £397.64 million, a price-to-earnings ratio of 461.54 and a beta of 0.46. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.31 and a quick ratio of 0.22.

abrdn New India Investment Trust (LON:ANII) last issued its quarterly earnings results on Thursday, November 28th. The company reported GBX (1.40) (($0.02)) EPS for the quarter. abrdn New India Investment Trust had a return on equity of 23.19% and a net margin of 81.48%.

Insider Buying and Selling

In related news, insider Irina Miklavchich purchased 2,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of GBX 788 ($9.78) per share, with a total value of £15,760 ($19,550.92). 6.17% of the stock is currently owned by insiders.

abrdn New India Investment Trust Company Profile

Looking for world-class, well governed companies at the heart of India’s growth story