Invesco Asia Trust (LON:IAT) Shares Cross Above 50-Day Moving Average – Should You Sell?

Invesco Asia Trust plc (LON:IAT) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 341.44 ($4.17) and traded as high as GBX 345.10 ($4.21). Invesco Asia Trust shares last traded at GBX 342 ($4.18), with a volume of 77,736 shares.

Invesco Asia Trust Price Performance

The company has a 50-day moving average of GBX 341.40 and a 200-day moving average of GBX 331.74. The company has a debt-to-equity ratio of 5.32, a quick ratio of 0.36 and a current ratio of 0.11. The stock has a market cap of £221.92 million, a price-to-earnings ratio of 4,275.00 and a beta of 0.64.

Invesco Asia Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a GBX 3.90 ($0.05) dividend. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, January 16th. Invesco Asia Trust’s payout ratio is currently 18,750.00%.

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).