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Invesco Asia Trust (LON:IAT) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Invesco Asia Trust logo with Financial Services background

Invesco Asia Trust plc (LON:IAT - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 340.81 ($4.22) and traded as high as GBX 352 ($4.36). Invesco Asia Trust shares last traded at GBX 346 ($4.29), with a volume of 595,750 shares.

Invesco Asia Trust Stock Performance

The company has a debt-to-equity ratio of 5.32, a current ratio of 0.11 and a quick ratio of 0.36. The firm has a fifty day moving average price of GBX 341.09 and a two-hundred day moving average price of GBX 333.67. The stock has a market capitalization of £223.95 million, a PE ratio of 4,314.00 and a beta of 0.64.

Invesco Asia Trust (LON:IAT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) earnings per share (EPS) for the quarter. Invesco Asia Trust had a return on equity of 2.30% and a net margin of 56.35%.

Invesco Asia Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a dividend of GBX 3.90 ($0.05) per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 1.14%. Invesco Asia Trust's dividend payout ratio (DPR) is presently 18,750.00%.

About Invesco Asia Trust

(Get Free Report)

Managed by Ian Hargreaves and Fiona Yang, the Company's objective is to provide long-term capital growth and income by investing in a diversified portfolio of Asian and Australasian companies. The Company aims to achieve growth in its Net Asset Value (NAV) in excess of the Benchmark Index, the MSCI AC Asia ex Japan Index (total return, net of withholding tax, in sterling terms).

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