abrdn New India Investment Trust (LON:ANII) Sets New 52-Week High – Should You Buy?

abrdn New India Investment Trust (LON:ANIIGet Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 830 ($10.52) and last traded at GBX 830 ($10.52), with a volume of 41357 shares changing hands. The stock had previously closed at GBX 818 ($10.37).

abrdn New India Investment Trust Trading Up 1.5 %

The company has a fifty day moving average price of GBX 780.53 and a 200-day moving average price of GBX 790.99. The firm has a market capitalization of £423.13 million, a price-to-earnings ratio of 484.02 and a beta of 0.46. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 6.08.

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.

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