abrdn Asia Focus (LON:AAS) Shares Up 0.3% – Here’s Why

abrdn Asia Focus plc (LON:AAS) shares were up 0.3% 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 Stock Performance

The company 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. The stock’s 50-day moving average price is GBX 283.61 and its 200-day moving average price is GBX 279.53.

abrdn Asia Focus Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.36%. The ex-dividend date is 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 bought 8,812 shares of the stock in a transaction dated Friday, October 25th. The shares were acquired at an average price of GBX 282 ($3.56) per share, with a total value of £24,849.84 ($31,364.18). Company insiders own 7.99% of the company’s stock.

abrdn Asia Focus Company Profile

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.