Invesco Asia Trust (LON:IAT) Share Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Invesco Asia Trust plc (LON:IAT) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 343.26 ($4.47) and traded as high as GBX 351 ($4.57). Invesco Asia Trust shares last traded at GBX 351 ($4.57), with a volume of 115,820 shares trading hands.

Invesco Asia Trust Stock Performance

The business has a 50-day moving average of GBX 343.26 and a two-hundred day moving average of GBX 338.88. The company has a market cap of £237.57 million, a P/E ratio of 2.73 and a beta of 0.64. The company has a debt-to-equity ratio of 5.32, a current ratio of 0.10 and a quick ratio of 0.36.

Invesco Asia Trust (LON:IAT) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) earnings per share for the quarter. Invesco Asia Trust had a return on equity of 37.05% and a net margin of 879.58%.

Invesco Asia Trust Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of GBX 3.90 ($0.05) per share. This represents a yield of 1.14%. The ex-dividend date of this dividend was Thursday, January 16th. Invesco Asia Trust’s payout ratio is currently 11.65%.

About Invesco Asia Trust

Managed by Ian Hargreaves and Fiona Yang, the Company’s objective is to provide long-term capital growth and income by investing in a diversified portfolio of Asian and Australasian companies. The Company aims to achieve growth in its Net Asset Value (NAV) in excess of the Benchmark Index, the MSCI AC Asia ex Japan Index (total return, net of withholding tax, in sterling terms).