abrdn New India Investment Trust (LON:ANII) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of abrdn New India Investment Trust (LON:ANII) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 762.29 ($9.85) and traded as low as GBX 699.87 ($9.05). abrdn New India Investment Trust shares last traded at GBX 706 ($9.12), with a volume of 94,855 shares trading hands.

abrdn New India Investment Trust Stock Up 0.6 %

The stock has a 50-day moving average price of GBX 762.29 and a 200-day moving average price of GBX 782.21. The company has a debt-to-equity ratio of 3.98, a current ratio of 0.47 and a quick ratio of 0.22. The company has a market capitalization of £342.64 million, a P/E ratio of 2.93 and a beta of 0.46.

Insider Transactions at abrdn New India Investment Trust

In other abrdn New India Investment Trust news, insider Irina Miklavchich purchased 2,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were purchased at an average cost of GBX 788 ($10.18) per share, with a total value of £15,760 ($20,369.65). Corporate insiders own 6.17% of the company’s stock.

About abrdn New India Investment Trust

Looking for world-class, well governed companies at the heart of India’s growth story