abrdn European Logistics Income (LON:ASLI) Shares Down 0.7% – Should You Sell?

Shares of abrdn European Logistics Income plc (LON:ASLI) dropped 0.7% during trading on Monday . The company traded as low as GBX 60 ($0.75) and last traded at GBX 60.40 ($0.76). Approximately 359,652 shares traded hands during trading, a decline of 68% from the average daily volume of 1,114,823 shares. The stock had previously closed at GBX 60.80 ($0.76).

abrdn European Logistics Income Trading Down 0.7 %

The firm has a market cap of £248.13 million, a PE ratio of -354.12, a P/E/G ratio of 9.27 and a beta of 0.38. The company has a current ratio of 3.10, a quick ratio of 4.22 and a debt-to-equity ratio of 72.97. The business has a fifty day moving average price of GBX 58.64 and a 200 day moving average price of GBX 59.69.

abrdn European Logistics Income Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 5th were paid a dividend of GBX 0.87 ($0.01) per share. The ex-dividend date was Thursday, December 5th. This represents a yield of 1.51%. This is a boost from abrdn European Logistics Income’s previous dividend of $0.77. 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