abrdn New India Investment Trust (LON:ANII) Trading 1.7% Higher

Shares of abrdn New India Investment Trust (LON:ANIIGet Free Report) shot up 1.7% on Monday . The company traded as high as GBX 792 ($10.36) and last traded at GBX 791.16 ($10.35). 142,013 shares were traded during trading, an increase of 93% from the average session volume of 73,535 shares. The stock had previously closed at GBX 778 ($10.17).

abrdn New India Investment Trust Trading Up 1.7 %

The company’s fifty day moving average price is GBX 799.20 and its 200-day moving average price is GBX 747.56. The stock has a market cap of £403.33 million, a price-to-earnings ratio of 468.14 and a beta of 0.46. The company has a debt-to-equity ratio of 6.08, a current ratio of 0.31 and a quick ratio of 0.22.

Insiders Place Their Bets

In related news, insider Rebecca Donaldson acquired 1,292 shares of the stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of GBX 774 ($10.12) per share, for a total transaction of £10,000.08 ($13,077.13). Corporate insiders own 6.17% of the company’s stock.

abrdn New India Investment Trust Company Profile

(Get Free Report)

Aberdeen New India Investment Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity markets of India. It seeks to invest in stocks of companies operating across diversified sectors.

See Also

Receive News & Ratings for abrdn New India Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn New India Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.