abrdn Property Income Trust (LON:API) Shares Down 10.5% – Here’s What Happened

Shares of abrdn Property Income Trust Limited (LON:APIGet Free Report) dropped 10.5% during mid-day trading on Wednesday . The company traded as low as GBX 1.85 and last traded at GBX 1.88. Approximately 172,487 shares traded hands during trading, a decline of 86% from the average daily volume of 1,195,313 shares. The stock had previously closed at GBX 2.10.

abrdn Property Income Trust Trading Up 1.3%

The firm has a market capitalization of £7.96 million, a PE ratio of -2.32 and a beta of 0.65. The business has a 50 day moving average price of GBX 2 and a 200-day moving average price of GBX 2.02.

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 (EPS) for the quarter. abrdn Property Income Trust had a negative return on equity of 16.03% and a net margin of 105.57%.

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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