abrdn Asian Income Fund (LON:AAIF) Shares Climb 1.5% – Time to Buy?

abrdn Asian Income Fund (LON:AAIF) shares were up 1.5% during mid-day trading on Friday. The company traded as high as GBX 282 and last traded at GBX 279. Approximately 304,907 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 328,057 shares. The stock had previously closed at GBX 275.

abrdn Asian Income Fund Stock Performance

The company has a debt-to-equity ratio of 8.03, a current ratio of 0.47 and a quick ratio of 0.11. The company has a 50 day simple moving average of GBX 311.50 and a 200-day simple moving average of GBX 306.46. The firm has a market cap of £396.69 million, a PE ratio of 2.22 and a beta of 0.70.

abrdn Asian Income Fund (LON:AAIF) last announced its quarterly earnings data on Tuesday, August 18th. The company reported GBX 12.36 earnings per share for the quarter. abrdn Asian Income Fund had a net margin of 93.24% and a return on equity of 39.44%.

Insider Activity at abrdn Asian Income Fund

In related news, insider Martin Rowley purchased 6,950 shares of abrdn Asian Income Fund stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average cost of GBX 289 per share, for a total transaction of £20,085.50. Also, insider Nicky McCabe bought 3,453 shares of the business’s stock in a transaction dated Friday, October 23rd. The stock was purchased at an average price of GBX 289 per share, for a total transaction of £9,979.17. Insiders purchased 22,871 shares of company stock worth $6,755,469 in the last ninety days. 0.25% of the stock is owned by company insiders.

abrdn Asian Income Fund Company Profile

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