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abrdn Asia Focus (LON:AAS) Shares Cross Above 50 Day Moving Average - Here's Why

abrdn Asia Focus logo with Financial Services background

abrdn Asia Focus plc (LON:AAS - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 279.69 ($3.64) and traded as high as GBX 285 ($3.71). abrdn Asia Focus shares last traded at GBX 285 ($3.71), with a volume of 169,492 shares.

abrdn Asia Focus Trading Up 0.7 %

The stock has a market cap of £440.69 million, a PE ratio of 3,188.89 and a beta of 0.62. The company's 50-day moving average price is GBX 279.91 and its 200 day moving average price is GBX 278.38. The company has a debt-to-equity ratio of 14.19, a quick ratio of 3.67 and a current ratio of 11.29.

abrdn Asia Focus Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 0.36%. abrdn Asia Focus's dividend payout ratio is currently 6,666.67%.

Insider Transactions at abrdn Asia Focus

In related news, insider Krishna Shanmuganathan purchased 8,812 shares of the company's stock in a transaction on Friday, October 25th. The stock was acquired at an average cost of GBX 282 ($3.67) per share, for a total transaction of £24,849.84 ($32,348.14). Company insiders own 7.99% of the company's stock.

abrdn Asia Focus Company Profile

(Get Free Report)

Aberdeen Standard Asia Focus PLC operates as an investment trust that invests in a portfolio of smaller companies in Japan, Asia, and Australasia. The trust invests in companies operating in various sectors, including auto components; beverages; chemicals; commercial banks; containers and packaging; diversified financial services; food and staples retailing; hotels, restaurants, and leisure; industrial conglomerates; multiline retail; paper and forest products; real estate; and transportation infrastructure.

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