abrdn New India Investment Trust (LON:ANII) Stock Price Down 1.6% – Time to Sell?

abrdn New India Investment Trust (LON:ANIIGet Free Report) fell 1.6% on Tuesday . The stock traded as low as GBX 742 ($9.59) and last traded at GBX 744 ($9.62). 64,496 shares were traded during mid-day trading, a decline of 48% from the average session volume of 124,364 shares. The stock had previously closed at GBX 756 ($9.77).

abrdn New India Investment Trust Stock Performance

The firm has a fifty day moving average of GBX 734.40 and a 200-day moving average of GBX 772.89. The company has a quick ratio of 0.22, a current ratio of 0.47 and a debt-to-equity ratio of 3.98. The stock has a market capitalization of £361.08 million, a price-to-earnings ratio of 3.09 and a beta of 0.46.

Insider Activity

In other abrdn New India Investment Trust news, insider Irina Miklavchich purchased 2,000 shares of abrdn New India Investment Trust stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of GBX 788 ($10.19) per share, with a total value of £15,760 ($20,374.92). Company insiders own 6.17% of the company’s stock.

About abrdn New India Investment Trust

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