abrdn Asia Focus (LON:AAS) Hits New 12-Month High – Here’s What Happened

abrdn Asia Focus plc (LON:AAS) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 298 ($3.64) and last traded at GBX 298 ($3.64), with a volume of 117480 shares changing hands. The stock had previously closed at GBX 298 ($3.64).

abrdn Asia Focus Price Performance

The company has a current ratio of 11.29, a quick ratio of 3.67 and a debt-to-equity ratio of 14.19. The company has a 50 day moving average of GBX 288.35 and a 200-day moving average of GBX 281.76. The firm has a market capitalization of £463.72 million, a P/E ratio of 3,355.56 and a beta of 0.62.

abrdn Asia Focus Cuts Dividend

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

Insider Buying and Selling

In related news, insider Krishna Shanmuganathan purchased 8,812 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average cost of GBX 282 ($3.44) per share, for a total transaction of £24,849.84 ($30,337.98). 7.99% of the stock is owned by insiders.

About abrdn Asia Focus

A fundamental, high conviction portfolio of well-researched Asian small caps.