abrdn New India Investment Trust (LON:ANII) Stock Price Up 1.7% – What’s Next?

abrdn New India Investment Trust (LON:ANII)’s stock price was up 1.7% during trading on Thursday . The stock traded as high as GBX 720 and last traded at GBX 715.94. Approximately 56,193 shares were traded during mid-day trading, a decline of 53% from the average session volume of 118,930 shares. The stock had previously closed at GBX 704.

abrdn New India Investment Trust Stock Performance

The company has a debt-to-equity ratio of 5.78, a current ratio of 6.70 and a quick ratio of 0.22. The stock has a fifty day moving average price of GBX 679.85 and a two-hundred day moving average price of GBX 714.55. The company has a market cap of £314.96 million, a P/E ratio of -5.66 and a beta of 0.29.

abrdn New India Investment Trust (LON:ANII) last issued 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 return on equity of 15.86% and a net margin of 144.09%.

Insider Transactions at abrdn New India Investment Trust

In related news, insider Irina Miklavchich acquired 4,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was acquired at an average cost of GBX 700 per share, for a total transaction of £28,000. Also, insider Francesca Ecsery acquired 436 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average price of GBX 684 per share, for a total transaction of £2,982.24. 1.08% 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