abrdn European Logistics Income (LON:ASLI) Trading Up 2.5% – Should You Buy?

abrdn European Logistics Income plc (LON:ASLI)’s share price rose 2.5% during trading on Thursday . The company traded as high as GBX 58.40 ($0.72) and last traded at GBX 58.40 ($0.72). Approximately 860,657 shares traded hands during trading, a decline of 26% from the average daily volume of 1,170,901 shares. The stock had previously closed at GBX 57 ($0.70).

abrdn European Logistics Income Stock Up 2.5 %

The company’s 50-day simple moving average is GBX 58.44 and its two-hundred day simple moving average is GBX 59.95. The firm has a market capitalization of £240.71 million, a P/E ratio of -343.53, a P/E/G ratio of 9.27 and a beta of 0.38. The company has a debt-to-equity ratio of 72.97, a current ratio of 3.10 and a quick ratio of 4.22.

abrdn European Logistics Income Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 5th were issued a GBX 0.87 ($0.01) dividend. This represents a yield of 1.51%. This is a positive change from abrdn European Logistics Income’s previous dividend of $0.77. The ex-dividend date of this dividend was Thursday, December 5th. abrdn European Logistics Income’s dividend payout ratio is currently -2,941.18%.

abrdn European Logistics Income Company Profile

Capturing long-term income potential from logistics real estate in Europe