abrdn Asian Income Fund (LON:AAIF) Stock Price Passes Below 200 Day Moving Average of $210.91

abrdn Asian Income Fund (LON:AAIF)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 210.91 ($2.79) and traded as low as GBX 210 ($2.77). abrdn Asian Income Fund shares last traded at GBX 212 ($2.80), with a volume of 165,857 shares.

abrdn Asian Income Fund Price Performance

The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11. The company has a fifty day moving average price of GBX 212.74 and a 200 day moving average price of GBX 210.91. The company has a market capitalization of £330.76 million, a P/E ratio of 757.14 and a beta of 0.70.

abrdn Asian Income Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, August 23rd. Investors of record on Thursday, July 25th were given a GBX 2.55 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a yield of 1.17%. abrdn Asian Income Fund’s dividend payout ratio is presently 4,285.71%.

About abrdn Asian Income Fund

Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited. It is managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity and fixed income markets of the Asia Pacific Region. It seeks to invest in the stocks of companies operating across diversified sectors.