abrdn Property Income Trust (LON:API) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

abrdn Property Income Trust Limited (LON:API)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 52.41 ($0.65) and traded as low as GBX 6.85 ($0.09). abrdn Property Income Trust shares last traded at GBX 6.85 ($0.09), with a volume of 3,734,045 shares.

abrdn Property Income Trust Price Performance

The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.16 and a current ratio of 3.47. The stock’s fifty day moving average price is GBX 45.79 and its 200-day moving average price is GBX 52.41. The firm has a market cap of £26.11 million, a PE ratio of -342.50 and a beta of 0.33.

abrdn Property Income Trust Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 17th were issued a GBX 52 ($0.65) dividend. This is a positive change from abrdn Property Income Trust’s previous dividend of $3.00. The ex-dividend date was Tuesday, December 17th. This represents a yield of 85.81%. abrdn Property Income Trust’s dividend payout ratio is -20,000.00%.

Insider Transactions at abrdn Property Income Trust

In other news, insider Jill May sold 128,592 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.76), for a total transaction of £78,441.12 ($97,442.39). Corporate insiders own 3.21% of the company’s stock.

abrdn Property Income Trust Company Profile

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