abrdn New India Investment Trust (LON:ANII) Stock Price Up 0.8% – Here’s What Happened

abrdn New India Investment Trust (LON:ANII)’s share price was up 0.8% during trading on Friday . The company traded as high as GBX 718 and last traded at GBX 718. Approximately 7,988 shares changed hands during trading, a decline of 93% from the average daily volume of 119,590 shares. The stock had previously closed at GBX 712.

abrdn New India Investment Trust Price Performance

The stock’s 50 day moving average is GBX 688.46 and its two-hundred day moving average is GBX 707.99. The stock has a market capitalization of £309.66 million, a PE ratio of -3.89 and a beta of 0.17. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.63 and a quick ratio of 0.22.

abrdn New India Investment Trust (LON:ANII) last issued its quarterly earnings results on Thursday, June 18th. The company reported GBX (3.36) earnings per share (EPS) for the quarter. abrdn New India Investment Trust had a negative return on equity of 24.12% and a negative net margin of 2,108.76%.The firm had revenue of GBX 385 million during the quarter.

Insiders Place Their Bets

In other news, insider Francesca Ecsery acquired 436 shares of abrdn New India Investment Trust stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of GBX 684 per share, for a total transaction of £2,982.24. Also, insider Irina Miklavchich acquired 4,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were purchased at an average cost of GBX 700 per share, with a total value of £28,000. 1.09% of the stock is currently owned by company insiders.

abrdn New India Investment Trust Company Profile

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