abrdn Asia Focus (LON:AAS) Hits New 52-Week High – Here’s Why

Posted by Dante Gardener on Jan 7th, 2025

abrdn Asia Focus plc (LON:AAS – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 298 ($3.73) and last traded at GBX 298 ($3.73), with a volume of 498670 shares trading hands. The stock had previously closed at GBX 294 ($3.68).

abrdn Asia Focus Stock Up 1.4 %

The company’s 50-day moving average is GBX 286.25 and its 200 day moving average is GBX 281.02. The stock has a market capitalization of £457.58 million, a PE ratio of 3,311.11 and a beta of 0.62. The company has a current ratio of 11.29, a quick ratio of 3.67 and a debt-to-equity ratio of 14.19.

abrdn Asia Focus Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 0.36%. abrdn Asia Focus’s dividend payout ratio is currently 6,666.67%.

Insiders Place Their Bets

In other abrdn Asia Focus news, insider Krishna Shanmuganathan purchased 8,812 shares of the stock in a transaction on Friday, October 25th. The shares were bought at an average cost of GBX 282 ($3.53) per share, with a total value of £24,849.84 ($31,089.50). 7.99% of the stock is currently owned by insiders.

About abrdn Asia Focus

(Get Free Report)

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.