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

abrdn New India Investment Trust (LON:ANII)’s stock price shot up 0.3% on Thursday . The stock traded as high as GBX 728 and last traded at GBX 728. 42,087 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 104,016 shares. The stock had previously closed at GBX 726.

abrdn New India Investment Trust Price Performance

The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.22 and a current ratio of 0.63. The stock has a market capitalization of £311.88 million, a price-to-earnings ratio of -3.93 and a beta of 0.27. The business’s 50 day simple moving average is GBX 721.84 and its 200-day simple moving average is GBX 699.64.

abrdn New India Investment Trust (LON:ANII) last announced its quarterly earnings results on Thursday, June 18th. The company reported GBX (3.36) EPS for the quarter. The firm had revenue of GBX 385 million during the quarter. abrdn New India Investment Trust had a negative net margin of 2,108.76% and a negative return on equity of 24.12%.

Insider Transactions at abrdn New India Investment Trust

In other abrdn New India Investment Trust news, insider Francesca Ecsery bought 405 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were purchased at an average cost of GBX 734 per share, for a total transaction of £2,972.70. 1.10% of the stock is owned by company insiders.

About abrdn New India Investment Trust

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