abrdn Asia Focus (LON:AAS) Hits New 52-Week High – Here’s Why

abrdn Asia Focus plc (LON:AAS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 298 ($3.73) and last traded at GBX 298 ($3.73), with a volume of 498670 shares changing hands. The stock had previously closed at GBX 294 ($3.68).

abrdn Asia Focus Trading Up 1.4 %

The firm has a market capitalization of £457.58 million, a price-to-earnings ratio of 3,311.11 and a beta of 0.62. The company has a debt-to-equity ratio of 14.19, a quick ratio of 3.67 and a current ratio of 11.29. The company has a 50 day moving average price of GBX 286.25 and a two-hundred day moving average price of GBX 281.02.

abrdn Asia Focus Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.36%. The ex-dividend date was Thursday, November 21st. abrdn Asia Focus’s payout ratio is 6,666.67%.

Insider Transactions at abrdn Asia Focus

In other news, insider Krishna Shanmuganathan acquired 8,812 shares of abrdn Asia Focus stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average cost of GBX 282 ($3.53) per share, with a total value of £24,849.84 ($31,089.50). Corporate insiders own 7.99% of the company’s stock.

About abrdn Asia Focus

Aberdeen Standard Asia Focus PLC operates as an investment trust that invests in a portfolio of smaller companies in Japan, Asia, and Australasia. The trust invests in companies operating in various sectors, including auto components; beverages; chemicals; commercial banks; containers and packaging; diversified financial services; food and staples retailing; hotels, restaurants, and leisure; industrial conglomerates; multiline retail; paper and forest products; real estate; and transportation infrastructure.