abrdn New India Investment Trust (LON:ANII) Trading Down 0.5% – Should You Sell?

abrdn New India Investment Trust (LON:ANII)’s share price was down 0.5% during trading on Monday . The company traded as low as GBX 794 ($10.37) and last traded at GBX 794 ($10.37). Approximately 76,610 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 73,103 shares. The stock had previously closed at GBX 798 ($10.42).

abrdn New India Investment Trust Stock Performance

The stock has a market cap of £402.74 million, a price-to-earnings ratio of 467.46 and a beta of 0.46. The business’s fifty day simple moving average is GBX 800.79 and its 200 day simple moving average is GBX 774.60. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.31 and a quick ratio of 0.22.

Insiders Place Their Bets

In other abrdn New India Investment Trust news, insider Rebecca Donaldson acquired 1,292 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was purchased at an average price of GBX 774 ($10.11) per share, with a total value of £10,000.08 ($13,058.34). 6.17% of the stock is currently owned by corporate insiders.

abrdn New India Investment Trust Company Profile

Aberdeen New India Investment Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity markets of India. It seeks to invest in stocks of companies operating across diversified sectors.