abrdn Property Income Trust (LON:API) Shares Down 7.2% – Here’s What Happened

abrdn Property Income Trust Limited (LON:APIGet Free Report) fell 7.2% during mid-day trading on Monday . The stock traded as low as GBX 1.80 and last traded at GBX 1.80. Approximately 648,476 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 1,873,023 shares. The stock had previously closed at GBX 1.94.

abrdn Property Income Trust Price Performance

The firm has a 50-day simple moving average of GBX 3.53 and a 200 day simple moving average of GBX 4.76. The company has a market capitalization of £6.86 million, a PE ratio of -0.21 and a beta of 0.33.

abrdn Property Income Trust (LON:APIGet Free Report) last issued its earnings results on Tuesday, September 30th. The company reported GBX (0.40) earnings per share for the quarter. abrdn Property Income Trust had a negative return on equity of 7.78% and a negative net margin of 68.00%.

About abrdn Property Income Trust

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Actively managing UK real estate looking for higher yield and capital growth

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