The stock of Aberdeen Asia-Pacific Income Investment (TSE:FAP) is a huge mover today! About 24,189 shares traded hands. Aberdeen Asia-Pacific Income Investment (TSE:FAP) has declined 3.31% since April 27, 2016 and is downtrending. It has underperformed by 9.24% the S&P500.
The move comes after 8 months negative chart setup for the $246.88M company. It was reported on Dec, 1 by Barchart.com. We have $4.28 PT which if reached, will make TSE:FAP worth $17.28 million less.
More important recent Aberdeen Asia-Pacific Income Investment (TSE:FAP) news were published by: Prnewswire.com which released: “Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment Of Monthly Distribution” on November 25, 2016, also Marketwatch.com published article titled: “Aberdeen Asia-Pacific Income Fund Inc.”, Prnewswire.com published: “Top Rated Aberdeen Asia-Pacific Income Fund, Inc. Featured in Morningstar Report” on August 23, 2012. More interesting news about Aberdeen Asia-Pacific Income Investment (TSE:FAP) was released by: Prnewswire.com and their article: “Aberdeen Asia-Pacific Income Fund, Inc. Announces Record Date and Payment Date …” with publication date: November 09, 2016.
Aberdeen Asia-Pacific Income Investment Company Limited is a closed-end investment company. The company has a market cap of $246.88 million. The Company’s investment objective is to obtain current income and achieve incidental capital appreciation from investment in long-term debt securities. It has a 18.5 P/E ratio. The Firm may invest approximately 80% of its total assets in Asian-Pacific debt securities, and may be denominated in an Asian-Pacific Country currency or in Australian, New Zealand or the United States dollars.
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