abrdn Asian Income Fund (LON:AAIF) Shares Climb 1.5% – Time to Buy?

Shares of abrdn Asian Income Fund (LON:AAIF) shot up 1.5% during trading on Friday. The stock traded as high as GBX 282 and last traded at GBX 279. 304,907 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 328,057 shares. The stock had previously closed at GBX 275.

abrdn Asian Income Fund Stock Performance

The stock’s fifty day moving average price is GBX 311.50 and its two-hundred day moving average price is GBX 306.46. The company has a debt-to-equity ratio of 8.03, a quick ratio of 0.11 and a current ratio of 0.47. The company has a market cap of £396.69 million, a P/E ratio of 2.22 and a beta of 0.70.

abrdn Asian Income Fund (LON:AAIF) last posted its quarterly earnings results on Tuesday, August 18th. The company reported GBX 12.36 earnings per share (EPS) for the quarter. abrdn Asian Income Fund had a net margin of 93.24% and a return on equity of 39.44%.

Insiders Place Their Bets

In other abrdn Asian Income Fund news, insider Nicky McCabe bought 3,453 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was purchased at an average cost of GBX 289 per share, for a total transaction of £9,979.17. Also, insider Jane Routledge bought 3,452 shares of abrdn Asian Income Fund stock in a transaction on Friday, October 23rd. The stock was acquired at an average cost of GBX 290 per share, for a total transaction of £10,010.80. Insiders acquired 22,871 shares of company stock worth $6,755,469 over the last three months. Insiders own 0.26% of the company’s stock.

About abrdn Asian Income Fund

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