abrdn New India Investment Trust (LON:ANII) Stock Price Up 0.8% – Still a Buy?

abrdn New India Investment Trust (LON:ANII – Get Free Report)’s share price traded up 0.8% during mid-day trading on Thursday. The company traded as high as GBX 730 and last traded at GBX 730. 10,882 shares traded hands during trading, a decline of 89% from the average session volume of 98,503 shares. The stock had previously closed at GBX 724.

abrdn New India Investment Trust Trading Up 0.8%

The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.22 and a current ratio of 0.63. The firm has a fifty day moving average price of GBX 721.40 and a 200 day moving average price of GBX 697.15. The company has a market cap of £311.53 million, a price-to-earnings ratio of -3.95 and a beta of 0.27.

Insider Activity at abrdn New India Investment Trust

In other news, insider Francesca Ecsery acquired 405 shares of the stock in a transaction dated Wednesday, August 5th. The shares were bought at an average cost of GBX 734 per share, for a total transaction of £2,972.70. 1.11% of the stock is currently owned by company insiders.

About abrdn New India Investment Trust

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