abrdn Asia Focus (LON:AAS) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of abrdn Asia Focus plc (LON:AAS) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 286.04 ($3.55) and traded as high as GBX 295.92 ($3.68). abrdn Asia Focus shares last traded at GBX 293 ($3.64), with a volume of 17,435 shares trading hands.

abrdn Asia Focus Trading Down 0.7 %

The business’s 50-day moving average price is GBX 286.04 and its 200-day moving average price is GBX 280.93. The firm has a market capitalization of £449.90 million, a PE ratio of 3,255.56 and a beta of 0.62. The company has a debt-to-equity ratio of 14.19, a current ratio of 11.29 and a quick ratio of 3.67.

abrdn Asia Focus Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were paid a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, November 21st. This represents a yield of 0.36%. abrdn Asia Focus’s dividend payout ratio is presently 6,666.67%.

Insider Activity at abrdn Asia Focus

In other abrdn Asia Focus news, insider Krishna Shanmuganathan bought 8,812 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was acquired at an average cost of GBX 282 ($3.50) per share, with a total value of £24,849.84 ($30,869.37). 7.99% of the stock is currently owned by insiders.

About abrdn Asia Focus

Aberdeen Standard Asia Focus PLC operates as an investment trust that invests in a portfolio of smaller companies in Japan, Asia, and Australasia. The trust invests in companies operating in various sectors, including auto components; beverages; chemicals; commercial banks; containers and packaging; diversified financial services; food and staples retailing; hotels, restaurants, and leisure; industrial conglomerates; multiline retail; paper and forest products; real estate; and transportation infrastructure.