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abrdn New India Investment Trust (LON:ANII) Sets New 12-Month High - Still a Buy?

abrdn New India Investment Trust logo with Financial Services background

abrdn New India Investment Trust (LON:ANII - Get Free Report) hit a new 52-week high on Friday . The company traded as high as GBX 830 ($10.48) and last traded at GBX 830 ($10.48), with a volume of 41357 shares trading hands. The stock had previously closed at GBX 818 ($10.32).

abrdn New India Investment Trust Trading Up 1.5 %

The firm has a market cap of £423.13 million, a PE ratio of 491.12 and a beta of 0.46. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.31 and a quick ratio of 0.22. The company's 50 day moving average price is GBX 781.17 and its 200 day moving average price is GBX 791.86.

About abrdn New India Investment Trust

(Get Free Report)

Aberdeen New India Investment Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity markets of India. It seeks to invest in stocks of companies operating across diversified sectors.

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