The stock of Aberdeen Asian Smaller Companies (LON:AAS) hit a new 52-week high and has GBX 1497.20 target or 52.00% above today’s GBX 985.00 share price. The 9 months bullish chart indicates low risk for the GBX 352.99M company. The 1-year high was reported on Oct, 17 by Barchart.com. If the GBX 1497.20 price target is reached, the company will be worth GBX 183.55 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.31% or GBX 3 on October 17, hitting GBX 985. About 34,677 shares traded hands or 0.75% up from the average. Aberdeen Asian Smaller Companies (LON:AAS) has risen 10.02% since March 18, 2016 and is uptrending. It has outperformed by 4.40% the S&P500.
Another recent and important Aberdeen Asian Smaller Companies (LON:AAS) news was published by Ft.com which published an article titled: “Aberdeen’s small Asian companies look expensive” on November 30, 2014.
Aberdeen Asian Smaller Companies Investment Trust PLC is an investment trust. The company has a market cap of 352.99 million GBP. The investment objective of the Company is to maximize total return to shareholders over the long term from a portfolio of quoted companies in Asia and Australasia, excluding Japan. It currently has negative earnings. The Company’s assets are invested in a diversified portfolio of securities in quoted smaller companies across a range of industries and economies in the investment region, including Australia, Bangladesh, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Pakistan, The Philippines, Singapore, Sri Lanka, Taiwan and Thailand.
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