abrdn European Logistics Income (LON:ASLI) Stock Price Up 1.4% – Here’s Why

abrdn European Logistics Income plc (LON:ASLI)’s stock price shot up 1.4% during trading on Tuesday . The stock traded as high as GBX 58.40 ($0.74) and last traded at GBX 58.40 ($0.74). 713,802 shares traded hands during trading, a decline of 25% from the average session volume of 951,042 shares. The stock had previously closed at GBX 57.60 ($0.73).

abrdn European Logistics Income Stock Performance

The company has a 50-day moving average of GBX 59.53 and a 200-day moving average of GBX 60.53. The company has a market cap of £237.41 million, a PE ratio of -338.26, a PEG ratio of 9.27 and a beta of 0.38. The company has a quick ratio of 4.22, a current ratio of 3.10 and a debt-to-equity ratio of 72.97.

abrdn European Logistics Income Cuts Dividend

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