abrdn New India Investment Trust (LON:ANII) Stock Price Breaks Below 200-Day Moving Average – What’s Next?

Shares of abrdn New India Investment Trust (LON:ANII – Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 704.99 and traded as low as GBX 692. abrdn New India Investment Trust shares last traded at GBX 698, with a volume of 9,307 shares traded.

abrdn New India Investment Trust Stock Up 0.9%

The business has a 50 day moving average of GBX 707.85 and a 200 day moving average of GBX 704.99. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.63 and a quick ratio of 0.22. The firm has a market capitalization of £297.12 million, a price-to-earnings ratio of -3.78 and a beta of 0.27.

Insiders Place Their Bets

In other abrdn New India Investment Trust news, insider Francesca Ecsery purchased 405 shares of the stock in a transaction on Wednesday, August 5th. The shares were purchased at an average price of GBX 734 per share, with a total value of £2,972.70. 1.12% of the stock is owned by corporate insiders.

About abrdn New India Investment Trust

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