The stock of The India Fund Inc. (NYSE:IFN) last traded at $14.81, down -1.27% from the previous session.
IFN stock price is now -4.81% away from the 50-day moving average and -8.30% away from the 200-day moving average. The market capitalization of the company currently stands at $410.19M.
In other news, Goodson Alan R, President bought 1,000 shares of the company’s stock on Jun 09. The stock was bought for $17,366 at an average price of $17.37. Upon completion of the transaction, the President now directly owns 1,000 shares in the company, valued at $14810.0.
There have been several recent changes in the stakes of large investors in IFN stock. A new stake in The India Fund Inc. shares was purchased by ATRIA WEALTH SOLUTIONS, INC. during the first quarter worth $345,000. IFP ADVISORS, INC invested $59,000 in shares of IFN during the first quarter. In total, there are 57 active investors with 21.07% ownership of the company’s stock.
With an opening price of $14.85 on Friday morning, The India Fund Inc. (NYSE: IFN) set off the trading day. During the past 12 months, The India Fund Inc. has had a low of $14.50 and a high of $21.14. The fifty day moving average price for IFN is $16.03 and a two-hundred day moving average price translates $17.09 for the stock.
The latest earnings results from The India Fund Inc. (NYSE: IFN) was released for Jun, 2022.
Moreover, the firm recently paid out its quarterly dividend on 01/11/2023. Investors who held shares on 11/22/2022 were paid a $1.14 dividend. On an annualized basis, this represents a $2.04 dividend and a 13.77% percent yield. There was an ex-dividend date of 11/21/2022 for this dividend.
The India Fund Inc.(IFN) Company Profile
The India Fund, Inc. is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio. It benchmarks the performance of its portfolio against the IFC Investable India Index. The India Fund, Inc. was formed on December 27, 1993 and is domiciled in the Singapore.