Asia Dragon (LON:DGN) Shares Down 0.2% – Time to Sell?

Asia Dragon (LON:DGN)’s stock price fell 0.2% during mid-day trading on Monday . The company traded as low as GBX 422.52 ($5.36) and last traded at GBX 426 ($5.40). 114,749 shares were traded during trading, a decline of 45% from the average session volume of 208,986 shares. The stock had previously closed at GBX 427 ($5.42).

Asia Dragon Stock Performance

The company has a debt-to-equity ratio of 8.77, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a 50 day moving average of GBX 427.46 and a 200 day moving average of GBX 412.91. The stock has a market capitalization of £666.78 million, a P/E ratio of -1,014.29 and a beta of 0.50.

Asia Dragon Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 5th will be given a dividend of GBX 6.60 ($0.08) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 1.57%. Asia Dragon’s dividend payout ratio is currently -1,666.67%.

About Asia Dragon

Edinburgh Dragon Trust Plc is closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of the Asia Pacific region, excluding Japan and Australasia. It seeks to invest in stocks of companies operating across diversified sectors.