abrdn Asia Focus (LON:AAS) Sets New 52-Week High – Time to Buy?

abrdn Asia Focus plc (LON:AAS)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 384 and last traded at GBX 383, with a volume of 183014 shares trading hands. The stock had previously closed at GBX 379.

abrdn Asia Focus Stock Performance

The company has a 50-day moving average price of GBX 366.67 and a 200-day moving average price of GBX 356.47. The firm has a market capitalization of £540.05 million, a P/E ratio of 6.66 and a beta of 0.62.

abrdn Asia Focus (LON:AAS) last released its earnings results on Thursday, October 23rd. The company reported GBX 7.44 earnings per share for the quarter. abrdn Asia Focus had a return on equity of 7.71% and a net margin of 66.01%.

Insider Buying and Selling

In other news, insider Alex Finn acquired 4,000 shares of abrdn Asia Focus stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of GBX 378 per share, with a total value of £15,120. Also, insider Charlotte Black acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average price of GBX 378 per share, with a total value of £9,450. Company insiders own 0.08% of the company’s stock.

About abrdn Asia Focus

A fundamental, high conviction portfolio of well-researched Asian small caps.