abrdn Asia Focus (LON:AAS) Shares Pass Above 50 Day Moving Average – Should You Sell?

abrdn Asia Focus plc (LON:AAS)’s stock price passed 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 traded.

abrdn Asia Focus Stock Up 0.4 %

The company has a debt-to-equity ratio of 14.19, a quick ratio of 3.67 and a current ratio of 11.29. The stock has a 50-day moving average of GBX 278.48 and a two-hundred day moving average of GBX 277.50. The company has a market cap of £431.66 million, a P/E ratio of 3,123.56 and a beta of 0.62.

abrdn Asia Focus Cuts Dividend

The business also recently disclosed 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 is Thursday, November 21st. This represents a yield of 0.36%. abrdn Asia Focus’s payout ratio is currently 6,666.67%.

Insider Buying and Selling at abrdn Asia Focus

In other abrdn Asia Focus news, insider Lucy Macdonald bought 12,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of GBX 260 ($3.38) per share, for a total transaction of £31,200 ($40,508.96). Corporate insiders own 7.99% of the company’s stock.

About abrdn Asia Focus

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.