abrdn Asia Focus (LON:AAS) Reaches New 1-Year High – Still a Buy?

abrdn Asia Focus plc (LON:AAS)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as GBX 289.45 ($3.62) and last traded at GBX 290 ($3.62), with a volume of 153583 shares traded. The stock had previously closed at GBX 286 ($3.57).

abrdn Asia Focus Stock Up 1.4 %

The firm’s 50-day moving average is GBX 283.67 and its 200 day moving average is GBX 279.72. The firm has a market capitalization of £445.30 million, a P/E ratio of 3,222.22 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.

abrdn Asia Focus Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be given a GBX 1 ($0.01) dividend. 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 related news, insider Krishna Shanmuganathan purchased 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 ($3.52) per share, with a total value of £24,849.84 ($31,058.42). 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.