Invesco Asia Trust (LON:IAT) Stock Crosses Below 50 Day Moving Average – What’s Next?

Invesco Asia Trust plc (LON:IAT) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 341.07 ($4.29) and traded as low as GBX 340 ($4.28). Invesco Asia Trust shares last traded at GBX 340 ($4.28), with a volume of 1,326,272 shares trading hands.

Invesco Asia Trust Price Performance

The firm has a market capitalization of £230.13 million, a PE ratio of 2.64 and a beta of 0.64. The firm’s fifty day moving average price is GBX 341.07 and its 200 day moving average price is GBX 334.94. The company has a current ratio of 0.10, a quick ratio of 0.36 and a debt-to-equity ratio of 5.32.

Invesco Asia Trust (LON:IAT) last posted its earnings results on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) earnings per share (EPS) for the quarter. Invesco Asia Trust had a net margin of 879.58% and a return on equity of 37.05%.

Invesco Asia Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a dividend of GBX 3.90 ($0.05) per share. This represents a yield of 1.14%. The ex-dividend date was Thursday, January 16th. Invesco Asia Trust’s dividend payout ratio (DPR) is 11.65%.

Invesco Asia Trust Company Profile

Managed by Ian Hargreaves and Fiona Yang, the Company’s objective is to provide long-term capital growth and income by investing in a diversified portfolio of Asian and Australasian companies. The Company aims to achieve growth in its Net Asset Value (NAV) in excess of the Benchmark Index, the MSCI AC Asia ex Japan Index (total return, net of withholding tax, in sterling terms).