abrdn Asian Income Fund (LON:AAIF) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of abrdn Asian Income Fund (LON:AAIF) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 288.44 and traded as high as GBX 326. abrdn Asian Income Fund shares last traded at GBX 319, with a volume of 376,445 shares trading hands.

abrdn Asian Income Fund Price Performance

The business’s 50-day simple moving average is GBX 288.44 and its 200-day simple moving average is GBX 274.86. The stock has a market cap of £457.89 million, a PE ratio of 6.31 and a beta of 0.67. The company has a quick ratio of 0.11, a current ratio of 0.63 and a debt-to-equity ratio of 7.72.

abrdn Asian Income Fund (LON:AAIF) last posted its earnings results on Wednesday, March 18th. The company reported GBX 14.73 earnings per share (EPS) for the quarter. abrdn Asian Income Fund had a return on equity of 19.40% and a net margin of 89.27%.

abrdn Asian Income Fund Company Profile

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