abrdn New India Investment Trust (LON:ANII) Stock Breaks Below 200-Day Moving Average – Here’s Why

abrdn New India Investment Trust (LON:ANII – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 704.99 and traded as low as GBX 692. abrdn New India Investment Trust shares last traded at GBX 698, with a volume of 9,307 shares changing hands.

abrdn New India Investment Trust Stock Up 0.3%

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’s fifty day simple moving average is GBX 706.91 and its two-hundred day simple moving average is GBX 704.34. The stock has a market capitalization of £297.12 million, a P/E ratio of -3.78 and a beta of 0.27.

Insider Transactions at abrdn New India Investment Trust

In other news, insider Francesca Ecsery bought 405 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was acquired at an average price of GBX 734 per share, with a total value of £2,972.70. Insiders own 1.12% of the company’s stock.

About abrdn New India Investment Trust

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