abrdn Asian Income Fund (LON:AAIF) Stock Passes Above 50-Day Moving Average – Time to Sell?

abrdn Asian Income Fund (LON:AAIF) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 222.55 ($2.81) and traded as high as GBX 224 ($2.83). abrdn Asian Income Fund shares last traded at GBX 222 ($2.80), with a volume of 226,063 shares trading hands.

abrdn Asian Income Fund Stock Performance

The firm has a market capitalization of £334.29 million, a price-to-earnings ratio of 7.92 and a beta of 0.70. The company has a 50-day moving average price of GBX 222.55 and a 200-day moving average price of GBX 219.03. The company has a quick ratio of 0.11, a current ratio of 0.26 and a debt-to-equity ratio of 8.19.

abrdn Asian Income Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd were given a dividend of GBX 6.78 ($0.09) per share. This represents a yield of 2.99%. The ex-dividend date was Thursday, January 23rd. This is a positive change from abrdn Asian Income Fund’s previous dividend of $2.55. abrdn Asian Income Fund’s payout ratio is 42.42%.

abrdn Asian Income Fund Company Profile

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