abrdn European Logistics Income (LON:ASLI) Trading Down 0.3% – What’s Next?

abrdn European Logistics Income plc (LON:ASLI) dropped 0.3% during mid-day trading on Tuesday . The company traded as low as GBX 59.80 ($0.78) and last traded at GBX 60 ($0.79). Approximately 87,708 shares traded hands during trading, a decline of 90% from the average daily volume of 920,325 shares. The stock had previously closed at GBX 60.20 ($0.79).

abrdn European Logistics Income Stock Performance

The stock has a market cap of £247.30 million, a P/E ratio of -352.94, a price-to-earnings-growth 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. The stock’s 50 day simple moving average is GBX 61.22 and its two-hundred day simple moving average is GBX 60.80.

abrdn European Logistics Income Cuts Dividend

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

About abrdn European Logistics Income

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.