abrdn European Logistics Income (LON:ASLI) Shares Down 2.4% – Time to Sell?

abrdn European Logistics Income plc (LON:ASLI)’s stock price fell 2.4% on Thursday . The stock traded as low as GBX 57.20 ($0.72) and last traded at GBX 57.60 ($0.72). 1,056,022 shares were traded during mid-day trading, an increase of 13% from the average session volume of 934,596 shares. The stock had previously closed at GBX 59 ($0.74).

abrdn European Logistics Income Stock Down 0.3 %

The company has a fifty day moving average price of GBX 58.61 and a 200 day moving average price of GBX 60.23. The company has a market cap of £236.59 million, a PE ratio of -337.65, a price-to-earnings-growth ratio of 9.27 and a beta of 0.38. The company has a debt-to-equity ratio of 72.97, a current ratio of 3.10 and a quick ratio of 4.22.

abrdn European Logistics Income Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 5th will be issued a dividend of GBX 0.87 ($0.01) per share. This is an increase from abrdn European Logistics Income’s previous dividend of $0.77. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, December 5th. abrdn European Logistics Income’s payout ratio is currently -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.