abrdn New India Investment Trust (LON:ANII) Trading Down 0.3% – Here’s What Happened

abrdn New India Investment Trust (LON:ANII)’s stock price dropped 0.3% during trading on Thursday . The company traded as low as GBX 771.40 ($9.57) and last traded at GBX 774 ($9.60). Approximately 70,892 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 161,846 shares. The stock had previously closed at GBX 776 ($9.63).

abrdn New India Investment Trust Stock Performance

The company has a debt-to-equity ratio of 6.08, a quick ratio of 0.22 and a current ratio of 0.31. The stock has a market cap of £397.64 million, a PE ratio of 461.54 and a beta of 0.46. The firm has a fifty day moving average price of GBX 795.89 and a 200 day moving average price of GBX 791.35.

abrdn New India Investment Trust (LON:ANII) last posted its earnings results on Thursday, November 28th. The company reported GBX (1.40) (($0.02)) earnings per share (EPS) for the quarter. abrdn New India Investment Trust had a net margin of 81.48% and a return on equity of 23.19%.

Insider Transactions at abrdn New India Investment Trust

In related news, insider Irina Miklavchich acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of GBX 788 ($9.78) per share, for a total transaction of £15,760 ($19,550.92). Corporate insiders own 6.17% of the company’s stock.

abrdn New India Investment Trust Company Profile

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