abrdn European Logistics Income (LON:ASLI) Shares Down 0.3% – Here’s What Happened

Shares of abrdn European Logistics Income plc (LON:ASLI) traded down 0.3% on Tuesday . The stock traded as low as GBX 57.80 ($0.75) and last traded at GBX 57.80 ($0.75). 362,093 shares were traded during trading, a decline of 60% from the average session volume of 905,245 shares. The stock had previously closed at GBX 58 ($0.75).

abrdn European Logistics Income Stock Performance

The company’s fifty day simple moving average is GBX 60.24 and its two-hundred day simple moving average is GBX 60.67. The company has a debt-to-equity ratio of 72.97, a quick ratio of 4.22 and a current ratio of 3.10. The company has a market capitalization of £239.88 million, a price-to-earnings ratio of -342.34, a price-to-earnings-growth ratio of 9.27 and a beta of 0.38.

abrdn European Logistics Income Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a GBX 0.77 ($0.01) dividend. This represents a dividend yield of 1.24%. The ex-dividend date was Thursday, September 5th. abrdn European Logistics Income’s dividend payout ratio (DPR) is presently -2,941.18%.

abrdn European Logistics Income Company Profile

abrdn European Logistics Income plc, together with its subsidiaries, invests in logistic real estate properties in Europe. Its property portfolio includes mid-box and urban logistics warehouses. The company was formerly known as Aberdeen Standard European Logistics Income PLC and changed its name to abrdn European Logistics Income plc in January 2022.