abrdn New India Investment Trust (LON:ANII) Shares Pass Below 50 Day Moving Average – What’s Next?

Shares of abrdn New India Investment Trust (LON:ANIIGet Free Report) 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 ($9.04). 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 Trading Up 0.6 %

The firm has a market cap of £342.64 million, a P/E ratio of 2.93 and a beta of 0.46. The company’s 50 day moving average is GBX 760.05 and its two-hundred day moving average is GBX 781.40. The company has a debt-to-equity ratio of 3.98, a current ratio of 0.47 and a quick ratio of 0.22.

Insider Buying and Selling at abrdn New India Investment Trust

In other news, insider Irina Miklavchich purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of GBX 788 ($10.18) per share, with a total value of £15,760 ($20,364.39). Insiders own 6.17% of the company’s stock.

abrdn New India Investment Trust Company Profile

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