abrdn New India Investment Trust (LON:ANII) Shares Up 0.8% – Time to Buy?

abrdn New India Investment Trust (LON:ANII) shot up 0.8% during trading on Friday . The stock traded as high as GBX 732 and last traded at GBX 730. Approximately 35,988 shares were traded during mid-day trading, a decline of 69% from the average session volume of 115,619 shares. The stock had previously closed at GBX 724.

abrdn New India Investment Trust Trading Up 0.8%

The stock has a market cap of £314.83 million, a price-to-earnings ratio of -3.95 and a beta of 0.17. The business has a 50-day simple moving average of GBX 702.01 and a two-hundred day simple moving average of GBX 701.39. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.22 and a current ratio of 0.63.

abrdn New India Investment Trust (LON:ANII) last posted its quarterly earnings data on Thursday, June 18th. The company reported GBX (3.36) earnings per share (EPS) for the quarter. The business had revenue of GBX 385 million during the quarter. abrdn New India Investment Trust had a negative net margin of 2,108.76% and a negative return on equity of 24.12%.

Insiders Place Their Bets

In other abrdn New India Investment Trust news, insider Francesca Ecsery purchased 436 shares of the stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of GBX 684 per share, for a total transaction of £2,982.24. Company insiders own 1.09% of the company’s stock.

abrdn New India Investment Trust Company Profile

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