abrdn Property Income Trust (LON:API) Trading Up 17.4% – Still a Buy?

abrdn Property Income Trust Limited (LON:APIGet Free Report)’s share price rose 17.4% during mid-day trading on Wednesday . The company traded as high as GBX 2 and last traded at GBX 2. Approximately 925,063 shares changed hands during trading, a decline of 25% from the average daily volume of 1,240,122 shares. The stock had previously closed at GBX 1.70.

abrdn Property Income Trust Stock Up 17.4%

The stock has a market capitalization of £7.61 million, a price-to-earnings ratio of -2.22 and a beta of 0.65. The business’s 50 day simple moving average is GBX 2.02 and its 200-day simple moving average is GBX 2.03.

abrdn Property Income Trust (LON:APIGet Free Report) last issued its earnings results on Tuesday, April 28th. The company reported GBX (0.90) earnings per share for the quarter. abrdn Property Income Trust had a net margin of 105.57% and a negative return on equity of 16.03%.

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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