Invesco Asia Trust (LON:IAT) Shares Pass Above 50-Day Moving Average - Here's What Happened

Invesco Asia Trust plc (LON:IAT - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 343.26 ($4.43) and traded as high as GBX 351 ($4.53). Invesco Asia Trust shares last traded at GBX 351 ($4.53), with a volume of 115,820 shares changing hands.

Invesco Asia Trust Stock Down 1.7 %

The company has a quick ratio of 0.36, a current ratio of 0.10 and a debt-to-equity ratio of 5.32. The company has a market cap of £234.87 million, a PE ratio of 2.70 and a beta of 0.64. The company's fifty day moving average is GBX 343.68 and its 200-day moving average is GBX 339.21.

Invesco Asia Trust (LON:IAT - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) earnings per share for the quarter. Invesco Asia Trust had a return on equity of 37.05% and a net margin of 879.58%.

Invesco Asia Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a GBX 3.90 ($0.05) dividend. The ex-dividend date was Thursday, January 16th. This represents a yield of 1.14%. Invesco Asia Trust's payout ratio is 11.65%.

Invesco Asia Trust Company Profile

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).