abrdn Asia Focus (LON:AAS) Reaches New 12-Month High – Here’s Why

abrdn Asia Focus plc (LON:AAS) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 289.45 ($3.64) and last traded at GBX 290 ($3.64), with a volume of 153583 shares trading hands. The stock had previously closed at GBX 286 ($3.59).

abrdn Asia Focus Stock Up 1.4 %

The firm has a 50 day simple moving average of GBX 283.75 and a two-hundred day simple moving average of GBX 279.83. The stock has a market capitalization of £445.30 million, a P/E ratio of 3,222.22 and a beta of 0.62. The company has a quick ratio of 3.67, a current ratio of 11.29 and a debt-to-equity ratio of 14.19.

abrdn Asia Focus Cuts Dividend

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

Insider Transactions at abrdn Asia Focus

In other abrdn Asia Focus news, insider Krishna Shanmuganathan purchased 8,812 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was purchased at an average cost of GBX 282 ($3.54) per share, for a total transaction of £24,849.84 ($31,230.16). Company insiders own 7.99% of the company’s stock.

abrdn Asia Focus Company Profile

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.