abrdn New India Investment Trust (LON:ANII) Trading Up 0.3% – Here’s Why

abrdn New India Investment Trust (LON:ANII)’s stock price traded up 0.3% during mid-day trading on Friday . The company traded as high as GBX 789 and last traded at GBX 786. 16,233 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 73,964 shares. The stock had previously closed at GBX 784.

abrdn New India Investment Trust Trading Up 0.3%

The company has a fifty day moving average of GBX 791.15 and a two-hundred day moving average of GBX 794.69. 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 £352.92 million, a price-to-earnings ratio of 12.54 and a beta of 0.46.

abrdn New India Investment Trust (LON:ANII) last announced its quarterly earnings data on Thursday, December 11th. The company reported GBX (0.32) EPS for the quarter. abrdn New India Investment Trust had a return on equity of 26.93% and a net margin of 77.86%.

Insider Transactions at abrdn New India Investment Trust

In other news, insider David Simpson purchased 3,250 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average cost of GBX 799 per share, with a total value of £25,967.50. 1.03% of the stock is owned by corporate insiders.

About abrdn New India Investment Trust

Looking for world-class, well governed companies at the heart of India’s growth story