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abrdn Asia Focus (LON:AAS) Stock Crosses Above 50 Day Moving Average - Should You Sell?

abrdn Asia Focus logo with Financial Services background

abrdn Asia Focus plc (LON:AAS - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 278.18 ($3.61) and traded as high as GBX 285 ($3.70). abrdn Asia Focus shares last traded at GBX 280 ($3.64), with a volume of 465,758 shares.

abrdn Asia Focus Stock Up 0.5 %

The company has a debt-to-equity ratio of 14.19, a current ratio of 11.29 and a quick ratio of 3.67. The stock has a market capitalization of £432.09 million, a PE ratio of 3,123.56 and a beta of 0.62. The company has a 50 day moving average price of GBX 278.48 and a 200-day moving average price of GBX 277.50.

abrdn Asia Focus Cuts Dividend

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

Insider Buying and Selling

In other news, insider Lucy Macdonald purchased 12,000 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of GBX 260 ($3.38) per share, for a total transaction of £31,200 ($40,508.96). 7.99% of the stock is owned by insiders.

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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