abrdn New India Investment Trust (LON:ANII) Shares Up 0.8% – Time to Buy?

abrdn New India Investment Trust (LON:ANII)’s stock price shot up 0.8% on Friday . The stock traded as high as GBX 732 and last traded at GBX 730. 35,988 shares traded hands during trading, a decline of 69% from the average session volume of 115,619 shares. The stock had previously closed at GBX 724.

abrdn New India Investment Trust Trading Up 0.8%

The company has a market cap of £314.83 million, a P/E ratio of -3.95 and a beta of 0.17. The company has a current ratio of 0.63, a quick ratio of 0.22 and a debt-to-equity ratio of 4.00. The business has a 50 day moving average price of GBX 702.01 and a 200-day moving average price of GBX 701.39.

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

Insider Buying and Selling

In other news, insider Francesca Ecsery purchased 436 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average price of GBX 684 per share, for a total transaction of £2,982.24. 1.09% of the stock is currently owned by corporate insiders.

abrdn New India Investment Trust Company Profile

Looking for world-class, well governed companies at the heart of India’s growth story