abrdn European Logistics Income (LON:ASLI) Trading Down 3.9%

abrdn European Logistics Income plc (LON:ASLIGet Free Report)’s share price dropped 3.9% on Tuesday . The company traded as low as GBX 58.40 ($0.73) and last traded at GBX 58.40 ($0.73). Approximately 705,523 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 947,090 shares. The stock had previously closed at GBX 60.80 ($0.76).

abrdn European Logistics Income Stock Down 3.9 %

The firm’s 50 day simple moving average is GBX 60.77 and its 200-day simple moving average is GBX 59.11. The company has a current ratio of 2.52, a quick ratio of 4.22 and a debt-to-equity ratio of 62.38. The stock has a market capitalization of £240.71 million, a price-to-earnings ratio of -389.33, a price-to-earnings-growth ratio of 9.27 and a beta of 0.21.

About abrdn European Logistics Income

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abrdn European Logistics Income plc 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.

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