abrdn Asian Income Fund (LON:AAIF) Stock Crosses Above 200 Day Moving Average – Time to Sell?

abrdn Asian Income Fund (LON:AAIF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 218.34 ($2.75) and traded as high as GBX 227.12 ($2.86). abrdn Asian Income Fund shares last traded at GBX 222.70 ($2.80), with a volume of 91,332 shares changing hands.

abrdn Asian Income Fund Price Performance

The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11. The stock has a market cap of £332.35 million, a P/E ratio of 7.87 and a beta of 0.70. The company’s 50 day simple moving average is GBX 222.47 and its 200 day simple moving average is GBX 218.38.

abrdn Asian Income Fund Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be issued a GBX 6.78 ($0.09) dividend. This represents a dividend yield of 2.99%. The ex-dividend date is Thursday, January 23rd. This is a boost from abrdn Asian Income Fund’s previous dividend of $2.55. abrdn Asian Income Fund’s dividend payout ratio is 42.42%.

Insider Activity

In other news, insider Ian Cadby purchased 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of GBX 223 ($2.81) per share, for a total transaction of £17,840 ($22,454.37). Corporate insiders own 3.64% of the company’s stock.

About abrdn Asian Income Fund

Targeting the income and growth potential of Asia’s most compelling and sustainable companies.