abrdn Asia Focus (LON:AAS) Trading Up 0.3% – Here’s What Happened

Posted by Mark Dietrich on Dec 14th, 2024

Shares of abrdn Asia Focus plc (LON:AAS – Get Free Report) rose 0.3% during mid-day trading on Thursday . The stock traded as high as GBX 288.89 ($3.65) and last traded at GBX 288 ($3.63). Approximately 63,699 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 203,394 shares. The stock had previously closed at GBX 287 ($3.62).

abrdn Asia Focus Trading Down 0.7 %

The business has a 50-day moving average price of GBX 283.61 and a two-hundred day moving average price of GBX 279.53. The stock has a market capitalization of £439.15 million, a P/E ratio of 3,177.78 and a beta of 0.62. The company has a current ratio of 11.29, a quick ratio of 3.67 and a debt-to-equity ratio of 14.19.

abrdn Asia Focus Cuts Dividend

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

Insider Buying and Selling at abrdn Asia Focus

In other abrdn Asia Focus 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 acquired at an average cost of GBX 282 ($3.56) per share, for a total transaction of £24,849.84 ($31,364.18). Insiders own 7.99% of the company’s stock.

About abrdn Asia Focus

(Get Free Report)

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.