Invesco Asia Trust (LON:IAT) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Invesco Asia Trust plc (LON:IATGet Free Report)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 341.44 ($4.20) and traded as high as GBX 345.10 ($4.25). Invesco Asia Trust shares last traded at GBX 342 ($4.21), with a volume of 77,736 shares traded.

Invesco Asia Trust Price Performance

The company’s 50-day moving average price is GBX 341.44 and its 200-day moving average price is GBX 331.60. The company has a quick ratio of 0.36, a current ratio of 0.11 and a debt-to-equity ratio of 5.32. The firm has a market cap of £218.37 million, a price-to-earnings ratio of 4,206.50 and a beta of 0.64.

Invesco Asia Trust Company Profile

(Get Free Report)

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).

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