Invesco Asia Trust (LON:IAT) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Invesco Asia Trust plc (LON:IAT)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 341.44 ($4.17) and traded as high as GBX 345.10 ($4.21). Invesco Asia Trust shares last traded at GBX 342 ($4.18), with a volume of 77,736 shares changing hands.

Invesco Asia Trust Stock Performance

The stock has a market cap of £221.92 million, a price-to-earnings ratio of 4,275.00 and a beta of 0.64. The company has a debt-to-equity ratio of 5.32, a current ratio of 0.11 and a quick ratio of 0.36. The firm has a fifty day moving average of GBX 341.40 and a 200 day moving average of GBX 331.74.

Invesco Asia Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a GBX 3.90 ($0.05) dividend. This represents a dividend yield of 1.14%. The ex-dividend date is Thursday, January 16th. Invesco Asia Trust’s dividend payout ratio (DPR) is presently 18,750.00%.

Invesco Asia Trust Company Profile

Managed by Ian Hargreaves and Fiona Yang, the Company’s objective is to provide long-term capital growth and income by investing in a diversified portfolio of Asian and Australasian companies. The Company aims to achieve growth in its Net Asset Value (NAV) in excess of the Benchmark Index, the MSCI AC Asia ex Japan Index (total return, net of withholding tax, in sterling terms).