abrdn Asian Income Fund (LON:AAIF) Reaches New 1-Year High – Here’s Why

abrdn Asian Income Fund (LON:AAIFGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 353.61 and last traded at GBX 353.20, with a volume of 148293 shares changing hands. The stock had previously closed at GBX 346.

abrdn Asian Income Fund Stock Performance

The firm’s 50-day moving average price is GBX 318.12 and its 200-day moving average price is GBX 291.29. The company has a debt-to-equity ratio of 7.72, a current ratio of 0.63 and a quick ratio of 0.11. The stock has a market cap of £476.00 million, a P/E ratio of 6.56 and a beta of 0.70.

About abrdn Asian Income Fund

(Get Free Report)

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

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