abrdn Asian Income Fund (LON:AAIF) Stock Passes Above Fifty Day Moving Average of $205.48

abrdn Asian Income Fund Limited (LON:AAIF) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 205.48 ($2.58) and traded as high as GBX 212 ($2.66). abrdn Asian Income Fund shares last traded at GBX 208 ($2.61), with a volume of 261,746 shares.

abrdn Asian Income Fund Price Performance

The company has a debt-to-equity ratio of 10.37, a current ratio of 0.18 and a quick ratio of 0.11. The company has a market capitalization of £352.63 million, a P/E ratio of -20,800.00 and a beta of 0.69. The firm’s 50-day moving average is GBX 205.48 and its 200-day moving average is GBX 199.84.

abrdn Asian Income Fund Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be paid a GBX 2.55 ($0.03) dividend. The ex-dividend date is Thursday, April 25th. This represents a dividend yield of 1.23%. abrdn Asian Income Fund’s dividend payout ratio (DPR) is -110,000.00%.

About abrdn Asian Income Fund

Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited. It is managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity and fixed income markets of the Asia Pacific Region. It seeks to invest in the stocks of companies operating across diversified sectors.