abrdn European Logistics Income (LON:ASLI) Trading 1.4% Higher – Still a Buy?

abrdn European Logistics Income plc (LON:ASLI)’s stock price was 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). Approximately 713,802 shares were traded during trading, a decline of 25% from the average daily volume of 951,042 shares. The stock had previously closed at GBX 57.60 ($0.73).

abrdn European Logistics Income Trading Up 1.4 %

The company has a debt-to-equity ratio of 72.97, a quick ratio of 4.22 and a current ratio of 3.10. The company has a market capitalization of £240.71 million, a PE ratio of -343.53, a P/E/G ratio of 9.27 and a beta of 0.38. The business has a fifty day moving average price of GBX 59.59 and a 200 day moving average price of GBX 60.55.

abrdn European Logistics Income Cuts Dividend

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