abrdn European Logistics Income (LON:ASLI) Trading Up 2.5% – Here’s Why

abrdn European Logistics Income plc (LON:ASLI)’s share price shot up 2.5% during trading on Thursday . The stock traded as high as GBX 58.40 ($0.71) and last traded at GBX 58.40 ($0.71). 860,657 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 1,170,901 shares. The stock had previously closed at GBX 57 ($0.70).

abrdn European Logistics Income Stock Down 2.1 %

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 company has a market cap of £235.76 million, a PE ratio of -336.47, a PEG ratio of 9.27 and a beta of 0.38. The business’s fifty day simple moving average is GBX 58.40 and its two-hundred day simple moving average is GBX 59.91.

abrdn European Logistics Income Increases Dividend

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

abrdn European Logistics Income Company Profile

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