Ashoka India Equity Investment (LON:AIE) Sets New 12-Month Low – Should You Sell?

Ashoka India Equity Investment (LON:AIE)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 218.50 and last traded at GBX 219.06, with a volume of 943873 shares. The stock had previously closed at GBX 225.

Ashoka India Equity Investment Trading Down 2.6%

The stock has a 50-day simple moving average of GBX 245.02 and a 200 day simple moving average of GBX 262.51. The stock has a market capitalization of £370.90 million, a price-to-earnings ratio of -342.27 and a beta of 0.50.

Ashoka India Equity Investment (LON:AIE) last posted its quarterly earnings results on Thursday, February 26th. The company reported GBX 0.64 earnings per share (EPS) for the quarter. Ashoka India Equity Investment had a negative net margin of 1.74% and a negative return on equity of 0.23%.

About Ashoka India Equity Investment

ASHOKA INDIA EQUITY INVESTMENT TRUST IS A HIGH CONVICTION, LONG-ONLY INVESTMENT TRUST, INVESTING MAINLY IN SECURITIES LISTED IN INDIA AND LISTED SECURITIES OF COMPANIES WITH A SIGNIFICANT PRESENCE IN INDIA